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Mesa, AZ 85206

Single-Family Homes

Here is your weekly Market Update!



Mesa, AZ 85206

Sat Mar 02 2024
This week the median list price for Mesa, AZ 85206 is $415,000 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has held steady at or around 63. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Mesa, AZ 85206

Sat Mar 02 2024
This week the median list price for Mesa, AZ 85206 is $415,000 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has held steady at or around 63. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $415,000
Median Price of New Listings $417,450
Per Square Foot $244
Average Days on Market 49
Median Days on Market 28
Price Decreased 49%
Price Increased 0%
Relisted 3%
Inventory 63
Median Rent
Market Action 45
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$480,000 2,012 6,500 - 8,000 sqft 3 2 41 3 2 21
$429,950 1,685 6,500 - 8,000 sqft 3 2 44 3 3 31
$375,000 1,655 4,500 - 6,500 sqft 2 2 44 3 3 31
$347,450 1,390 4,500 - 6,500 sqft 2 2 44 3 4 31