Lawyers Title Market Report

Mesa, AZ 85207

Single-Family Homes

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Mesa, AZ 85207

Sun Aug 01 2021
This week the median list price for Mesa, AZ 85207 is $626,000 with the market action index hovering around 77. This is less than last month's market action index of 82. Inventory has increased to 68. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Mesa, AZ 85207

Sun Aug 01 2021
This week the median list price for Mesa, AZ 85207 is $626,000 with the market action index hovering around 77. This is less than last month's market action index of 82. Inventory has increased to 68. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $626,000
Median Price of New Listings $475,000
Per Square Foot $297
Average Days on Market 51
Median Days on Market 21
Price Decreased 25%
Price Increased 4%
Relisted 4%
Inventory 68
Median Rent $2,400
Market Action 77
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,500,000 4,635 0.5 - 1 acre 4 4 16 3 3 35
$749,900 2,827 0.25 - 0.5 acre 4 3 17 5 3 21
$525,000 1,924 8,000 - 10,000 sqft 3 2 19 6 3 7
$394,500 1,575 8,000 - 10,000 sqft 3 2 33 9 8 7