Arizona's Most Current Market Reports

Mesa, AZ

Single-Family Homes

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Mesa, AZ

Sat Apr 13 2024
This week the median list price for Mesa, AZ is $552,994 with the market action index hovering around 51. This is an increase over last month's market action index of 48. Inventory has increased to 684. Click here to stay informed with the Mesa market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Mesa, AZ

Sat Apr 13 2024
This week the median list price for Mesa, AZ is $552,994 with the market action index hovering around 51. This is an increase over last month's market action index of 48. Inventory has increased to 684. Click here to stay informed with the Mesa market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $552,994
Median Price of New Listings $498,000
Per Square Foot $280
Average Days on Market 56
Median Days on Market 28
Price Decreased 47%
Price Increased 7%
Relisted 6%
Inventory 684
Median Rent
Market Action 51
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$950,000 3,338 0.25 - 0.5 acre 4 4 11 16 30 28
$635,000 2,295 6,500 - 8,000 sqft 4 3 14 26 31 28
$485,000 1,754 6,500 - 8,000 sqft 3 2 29 43 42 28
$369,000 1,352 6,500 - 8,000 sqft 2 2 44 30 38 21