Lawyers Title Market Report

Mesa, AZ 85207

Single-Family Homes

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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. 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 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. 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 $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