Lawyers Title Market Report

Mesa, AZ 85207

Single-Family Homes

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Mesa, AZ 85207

Fri Oct 15 2021
This week the median list price for Mesa, AZ 85207 is $609,000 with the market action index hovering around 66. This is less than last month's market action index of 69. Inventory has increased to 64. 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 has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Mesa, AZ 85207

Fri Oct 15 2021
This week the median list price for Mesa, AZ 85207 is $609,000 with the market action index hovering around 66. This is less than last month's market action index of 69. Inventory has increased to 64. 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 has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $609,000
Median Price of New Listings $537,400
Per Square Foot $285
Average Days on Market 53
Median Days on Market 21
Price Decreased 38%
Price Increased 3%
Relisted 3%
Inventory 64
Median Rent $2,500
Market Action 66
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,275,000 4,145 1 - 2.5 acres 5 4 14 4 3 38
$699,999 2,376 0.5 - 1 acre 3 3 22 2 2 31
$532,400 2,147 8,000 - 10,000 sqft 3 2 20 4 7 17
$384,900 1,574 8,000 - 10,000 sqft 3 2 32 6 4 14