Your Localized Market Report

Mesa, AZ 85207

Single-Family Homes

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Mesa, AZ 85207

Fri Jul 01 2022
This week the median list price for Mesa, AZ 85207 is $728,250 with the market action index hovering around 73. This is less than last month's market action index of 83. Inventory has increased to 84. 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 consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Mesa, AZ 85207

Fri Jul 01 2022
This week the median list price for Mesa, AZ 85207 is $728,250 with the market action index hovering around 73. This is less than last month's market action index of 83. Inventory has increased to 84. 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 consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $728,250
Median Price of New Listings $822,000
Per Square Foot $312
Average Days on Market 33
Median Days on Market 21
Price Decreased 45%
Price Increased 2%
Relisted 2%
Inventory 84
Median Rent
Market Action 73
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently 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
$1,380,000 3,701 0.25 - 0.5 acre 5 4 14 7 2 21
$849,900 2,732 0.25 - 0.5 acre 3 2.5 18 4 2 21
$629,000 2,152 8,000 - 10,000 sqft 3 2.5 20 5 1 7
$477,000 1,556 8,000 - 10,000 sqft 3 2 23 4 2 21