Lawyers Title Market Report
Mesa, AZ 85207
Single-Family Homes
Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600
Mesa, AZ 85207
Fri Dec 13 2019
This week the median list price for Mesa, AZ 85207 is $627,500 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 128.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Real-Time Market Profile
| Median List Price | $627,500 | |
| Per Square Foot | $207 | |
| Days on Market | 85 | |
| Price Decreased | 48% | |
| Price Increased | 7% | |
| Relisted | 2% | |
| Inventory | 128 | |
| Median Rent | $2,072 | |
| Most Expensive | $2,875,000 | |
| Least Expensive | $206,000 | |
| Market Action | 47 | |
| Strong Seller's Market | ||
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,299,945 | 5,097 | 0.5 - 1 acre | 5 | 5 | 12 | 1 | 2 | 130 |
| $726,475 | 3,379 | 0.25 - 0.5 acre | 4 | 3 | 12 | 1 | 3 | 76 |
| $500,000 | 2,837 | 0.25 - 0.5 acre | 4 | 3 | 18 | 1 | 5 | 94 |
| $314,500 | 1,763 | 0 - 4,500 sqft | 3 | 2 | 18 | 8 | 9 | 37 |