Lawyers Title Market Report

Mesa, AZ 85207

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Mesa, AZ 85207

Fri Sep 20 2019
This week the median list price for Mesa, AZ 85207 is $499,900 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has held steady at or around 155. 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 started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 Sep 20 2019
This week the median list price for Mesa, AZ 85207 is $499,900 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has held steady at or around 155. 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 started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $499,900
Per Square Foot $192
Days on Market 73
Price Decreased 38%
Price Increased 6%
Relisted 7%
Inventory 155
Median House Rent $2,125
Most Expensive $2,875,000
Least Expensive $220,000
Market Action Index
Strong Seller's Market
47

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$1,075,000 4,745 0.5 - 1 acre 4 4 13 1 3 135
$599,000 3,162 0.25 - 0.5 acre 4 3 17 7 6 56
$435,000 2,311 8,000 - 10,000 sqft 4 2 17 8 5 67
$310,000 1,824 0 - 4,500 sqft 3 2 20 5 10 35