Single-Family Homes
Thu Mar 28 2024
This week the median list price for Mesa, AZ 85204 is $457,000 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has decreased to 22.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $457,000 | |
Median Price of New Listings | $535,000 | |
Per Square Foot | $284 | |
Average Days on Market | 64 | |
Median Days on Market | 28 | |
Price Decreased | 45% | |
Price Increased | 0% | |
Relisted | 5% | |
Inventory | 22 | |
Median Rent | ||
Market Action | 54 | |
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 |
---|---|---|---|---|---|---|---|---|
$518,184 | 1,998 | 6,500 - 8,000 sqft | 4 | 2 | 44 | 1 | 1 | 28 |
$470,000 | 1,574 | 6,500 - 8,000 sqft | 4 | 2 | 43 | 0 | 1 | 21 |
$446,750 | 1,528 | 8,000 - 10,000 sqft | 3 | 2 | 48 | 0 | 2 | 63 |
$342,500 | 1,359 | 8,000 - 10,000 sqft | 3 | 2 | 52 | 1 | 3 | 7 |