Arizona's Most Current Market Reports

Mesa, AZ

Single-Family Homes

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Mesa, AZ

Mon Jan 24 2022
This week the median list price for Mesa, AZ is $525,000 with the market action index hovering around 79. This is an increase over last month's market action index of 78. Inventory has decreased to 318. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Mesa, AZ

Mon Jan 24 2022
This week the median list price for Mesa, AZ is $525,000 with the market action index hovering around 79. This is an increase over last month's market action index of 78. Inventory has decreased to 318. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $525,000
Median Price of New Listings $517,450
Per Square Foot $269
Average Days on Market 38
Median Days on Market 21
Price Decreased 21%
Price Increased 11%
Relisted 3%
Inventory 318
Median Rent $2,278
Market Action 79
Strong Seller's Market

Prices appear to be hovering around their high point. Look for a persistent down-shift 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
$775,000 3,041 0.25 - 0.5 acre 4 3 12 25 16 28
$580,690 2,150 8,000 - 10,000 sqft 4 2.5 20 29 24 14
$470,000 1,757 6,500 - 8,000 sqft 3 2 38 25 30 21
$379,950 1,535 6,500 - 8,000 sqft 2 2 44 37 36 14