Lawyers Title Market Report

Mesa, AZ 85206

Single-Family Homes

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Mesa, AZ 85206

Sat Jun 12 2021
This week the median list price for Mesa, AZ 85206 is $400,000 with the market action index hovering around 89. This is less than last month's market action index of 93. Inventory has increased to 21. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Mesa, AZ 85206

Sat Jun 12 2021
This week the median list price for Mesa, AZ 85206 is $400,000 with the market action index hovering around 89. This is less than last month's market action index of 93. Inventory has increased to 21. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $400,000
Median Price of New Listings $362,500
Per Square Foot $231
Average Days on Market 17
Median Days on Market 7
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 21
Median Rent $2,628
Market Action 89
Strong Seller's Market

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$579,000 2,434 8,000 - 10,000 sqft 3 2 36 1 1 21
$452,000 2,046 4,500 - 6,500 sqft 3 2 34 1 1 7
$385,000 1,704 6,500 - 8,000 sqft 3 2 38 3 2 0
$340,200 1,464 6,500 - 8,000 sqft 2 2 39 5 2 0