Lawyers Title Market Report
Mesa, AZ 85207
Single-Family Homes
Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600
Mesa, AZ 85207
Thu Oct 29 2020
This week the median list price for Mesa, AZ 85207 is $622,350 with the market action index hovering around 64. This is about the same as last month's market action index of 64. Inventory has held steady at or around 80.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $622,350 | |
| Per Square Foot | $226 | |
| Days on Market | 94 | |
| Price Decreased | 29% | |
| Price Increased | 6% | |
| Relisted | 1% | |
| Inventory | 80 | |
| Median Rent | $2,595 | |
| Most Expensive | $3,850,000 | |
| Least Expensive | $245,000 | |
| Market Action | 64 | |
| Strong Seller's Market | ||
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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 |
|---|---|---|---|---|---|---|---|---|
| $1,730,000 | 5,841 | 1 - 2.5 acres | 5 | 5 | 14 | 1 | 1 | 232 |
| $862,500 | 4,020 | 0.5 - 1 acre | 4 | 3 | 14 | 3 | 7 | 90 |
| $519,444 | 2,533 | 8,000 - 10,000 sqft | 3 | 3 | 11 | 4 | 4 | 33 |
| $376,250 | 1,806 | 8,000 - 10,000 sqft | 3 | 2 | 23 | 6 | 11 | 17 |