Old Republic Title Market Report

Mesa, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Mesa, AZ

Thu Jan 23 2020
This week the median list price for Mesa, AZ is $384,000 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has held steady at or around 583. 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 has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Mesa, AZ

Thu Jan 23 2020
This week the median list price for Mesa, AZ is $384,000 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has held steady at or around 583. 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 has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $384,000
Per Square Foot $176
Days on Market 69
Price Decreased 35%
Price Increased 8%
Relisted 5%
Inventory 583
Median Rent $1,700
Most Expensive $2,875,000
Least Expensive $52,000
Market Action 53
Strong Seller's Market

The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

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
$799,000 4,184 0.5 - 1 acre 5 4 16 15 12 113
$450,000 2,713 8,000 - 10,000 sqft 4 3 14 33 31 66
$335,000 1,938 0 - 4,500 sqft 3 2 21 42 44 52
$250,000 1,402 0 - 4,500 sqft 3 2 44 44 41 44