Lawyers Title Market Report

Mesa, AZ 85209

Single-Family Homes

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Mesa, AZ 85209

Sat Jun 12 2021
This week the median list price for Mesa, AZ 85209 is $482,000 with the market action index hovering around 93. This is less than last month's market action index of 94. Inventory has increased to 21. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Mesa, AZ 85209

Sat Jun 12 2021
This week the median list price for Mesa, AZ 85209 is $482,000 with the market action index hovering around 93. This is less than last month's market action index of 94. Inventory has increased to 21. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $482,000
Median Price of New Listings $539,900
Per Square Foot $209
Average Days on Market 33
Median Days on Market 14
Price Decreased 10%
Price Increased 10%
Relisted 5%
Inventory 21
Median Rent $2,300
Market Action 93
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
$650,000 3,711 0.25 - 0.5 acre 5 3 18 1 1 14
$550,000 2,980 8,000 - 10,000 sqft 5 3 23 5 5 0
$450,000 2,085 6,500 - 8,000 sqft 3 2 20 0 2 14
$398,750 1,615 4,500 - 6,500 sqft 2 2 27 3 3 24