Lawyers Title Market Report

Mesa, AZ 85207

Single-Family Homes

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Mesa, AZ 85207

Fri Feb 28 2020
This week the median list price for Mesa, AZ 85207 is $662,950 with the market action index hovering around 45. This is an increase over last month's market action index of 43. Inventory has held steady at or around 118. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Mesa, AZ 85207

Fri Feb 28 2020
This week the median list price for Mesa, AZ 85207 is $662,950 with the market action index hovering around 45. This is an increase over last month's market action index of 43. Inventory has held steady at or around 118. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $662,950
Per Square Foot $224
Days on Market 85
Price Decreased 43%
Price Increased 4%
Relisted 5%
Inventory 118
Median Rent $1,938
Most Expensive $2,875,000
Least Expensive $199,800
Market Action 45
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$1,650,000 5,690 0.5 - 1 acre 5 5 12 1 1 154
$795,000 3,641 0.5 - 1 acre 4 3 13 2 6 80
$574,995 2,735 0.25 - 0.5 acre 4 3 15 5 4 49
$383,450 1,960 8,000 - 10,000 sqft 3 2 19 6 13 59