Old Republic Title Market Report

Mesa, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Mesa, AZ

Mon Sep 21 2020
This week the median list price for Mesa, AZ is $419,500 with the market action index hovering around 80. This is an increase over last month's market action index of 79. Inventory has held steady at or around 373. 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

Mon Sep 21 2020
This week the median list price for Mesa, AZ is $419,500 with the market action index hovering around 80. This is an increase over last month's market action index of 79. Inventory has held steady at or around 373. 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 $419,500
Per Square Foot $198
Days on Market 64
Price Decreased 29%
Price Increased 10%
Relisted 5%
Inventory 373
Median Rent $1,850
Most Expensive $3,850,000
Least Expensive $169,900
Market Action 80
Strong Seller's Market

The market seems to have paused around this plateau. 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
$824,900 3,949 0.5 - 1 acre 5 3 17 11 16 128
$479,000 2,378 8,000 - 10,000 sqft 3 2 6 20 19 45
$357,500 1,807 0 - 4,500 sqft 3 2 28 33 34 39
$279,950 1,498 0 - 4,500 sqft 3 2 41 46 40 42