Lawyers Title Market Report

Mesa, AZ 85207

Single-Family Homes

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Mesa, AZ 85207

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. 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

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. 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 $689,450
Per Square Foot $239
Days on Market 109
Price Decreased 29%
Price Increased 2%
Relisted 4%
Inventory 82
Median Rent $1,995
Most Expensive $3,985,000
Least Expensive $199,000
Market Action 51
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
$1,964,500 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