Your Localized Market Report

Mesa, AZ 85204

Single-Family Homes

Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com



Mesa, AZ 85204

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. 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 85204

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. 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 $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.

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
$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