Your Localized Market Report

Mesa, AZ 85207

Single-Family Homes

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Mesa, AZ 85207

Sat Nov 27 2021
This week the median list price for Mesa, AZ 85207 is $670,950 with the market action index hovering around 63. This is less than last month's market action index of 65. Inventory has decreased to 52. 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 a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Mesa, AZ 85207

Sat Nov 27 2021
This week the median list price for Mesa, AZ 85207 is $670,950 with the market action index hovering around 63. This is less than last month's market action index of 65. Inventory has decreased to 52. 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 a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $670,950
Median Price of New Listings $705,000
Per Square Foot $279
Average Days on Market 56
Median Days on Market 28
Price Decreased 46%
Price Increased 2%
Relisted 0%
Inventory 52
Median Rent $3,895
Market Action 63
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks 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
$1,275,000 3,906 1 - 2.5 acres 4 3.5 12 3 4 28
$799,000 2,731 0.25 - 0.5 acre 4 3 19 3 3 28
$609,900 2,235 6,500 - 8,000 sqft 3 2.5 23 2 1 42
$450,000 1,605 6,500 - 8,000 sqft 3 2 20 3 5 28