Lawyers Title Market Report
Mesa, AZ 85207
Single-Family Homes
Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600
Mesa, AZ 85207
Fri Mar 05 2021
This week the median list price for Mesa, AZ 85207 is $871,750 with the market action index hovering around 71. This is an increase over last month's market action index of 65. Inventory has held steady at or around 34.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $871,750 | |
| Per Square Foot | $253 | |
| Days on Market | 14 | |
| Price Decreased | 15% | |
| Price Increased | 9% | |
| Relisted | 3% | |
| Inventory | 34 | |
| Median Rent | $1,995 | |
| Most Expensive | $3,495,000 | |
| Least Expensive | $310,000 | |
| Market Action | 71 | |
| Strong Seller's Market | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,487,500 | 7,229 | 1 - 2.5 acres | 5 | 5 | 14 | 0 | 0 | 311 |
| $1,447,495 | 5,442 | 0.5 - 1 acre | 4 | 5 | 17 | 3 | 1 | 101 |
| $800,000 | 3,300 | 0.5 - 1 acre | 4 | 3 | 16 | 4 | 2 | 7 |
| $449,000 | 2,184 | 8,000 - 10,000 sqft | 3 | 2 | 20 | 6 | 6 | 0 |