Your Localized Market Report

Mesa, AZ 85207

Single-Family Homes

Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com



Mesa, AZ 85207

Thu Mar 28 2024
This week the median list price for Mesa, AZ 85207 is $837,500 with the market action index hovering around 47. This is an increase over last month's market action index of 45. Inventory has increased to 106. 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

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.

Mesa, AZ 85207

Thu Mar 28 2024
This week the median list price for Mesa, AZ 85207 is $837,500 with the market action index hovering around 47. This is an increase over last month's market action index of 45. Inventory has increased to 106. 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

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

Never miss important changes in the Mesa market.
Median List Price $837,500
Median Price of New Listings $835,000
Per Square Foot $334
Average Days on Market 57
Median Days on Market 28
Price Decreased 41%
Price Increased 2%
Relisted 6%
Inventory 106
Median Rent
Market Action 47
Strong Seller's Market

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
$1,757,950 4,755 0.5 - 1 acre 5 5 16 5 1 38
$1,072,475 3,169 0.25 - 0.5 acre 4 3 20 4 2 35
$725,000 2,276 6,500 - 8,000 sqft 4 3 22 5 3 28
$509,900 1,762 6,500 - 8,000 sqft 3 2 26 7 9 21