Old Republic Title Market Report

Mesa, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Mesa, AZ

Sun Apr 05 2020
This week the median list price for Mesa, AZ is $395,000 with the market action index hovering around 63. This is an increase over last month's market action index of 62. Inventory has held steady at or around 670. 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

Sun Apr 05 2020
This week the median list price for Mesa, AZ is $395,000 with the market action index hovering around 63. This is an increase over last month's market action index of 62. Inventory has held steady at or around 670. 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 $395,000
Per Square Foot $182
Days on Market 54
Price Decreased 32%
Price Increased 8%
Relisted 4%
Inventory 670
Median Rent $1,795
Most Expensive $3,985,000
Least Expensive $52,000
Market Action 63
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
$795,000 4,100 0.5 - 1 acre 5 4 16 26 9 92
$469,500 2,709 8,000 - 10,000 sqft 4 3 17 34 21 56
$346,950 1,976 4,500 - 6,500 sqft 3 2 22 49 31 42
$259,900 1,426 0 - 4,500 sqft 3 2 42 65 46 27