Mon Jul 06 2020
This week the median list price for Mesa, AZ 85207 is $689,450 with the market action index hovering around 51. This is an increase over last month's market action index of 46. Inventory has held steady at or around 82.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$689,450|
|Per Square Foot||$239|
|Days on Market||109|
|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.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,964,500||6,040||1 - 2.5 acres||5||5||14||2||0||213|
|$839,950||3,671||0.5 - 1 acre||4||3||14||1||4||113|
|$580,000||2,886||0.25 - 0.5 acre||4||3||10||3||5||69|
|$325,000||1,842||8,000 - 10,000 sqft||3||2||16||8||5||45|