Lawyers Title Market Report

Mesa, AZ

Single-Family Homes

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Mesa, AZ

Fri Dec 13 2019
This week the median list price for Mesa, AZ is $377,490 with the market action index hovering around 58. This is about the same as last month's market action index of 58. Inventory has held steady at or around 627. 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

Fri Dec 13 2019
This week the median list price for Mesa, AZ is $377,490 with the market action index hovering around 58. This is about the same as last month's market action index of 58. Inventory has held steady at or around 627. 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 $377,490
Per Square Foot $173
Days on Market 71
Price Decreased 41%
Price Increased 8%
Relisted 5%
Inventory 627
Median Rent $1,745
Most Expensive $2,875,000
Least Expensive $52,000
Market Action 58
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
$777,750 4,207 0.5 - 1 acre 5 4 14 10 9 114
$444,950 2,700 8,000 - 10,000 sqft 4 3 16 17 24 68
$332,500 1,962 0 - 4,500 sqft 3 2 21 20 30 60
$250,000 1,474 0 - 4,500 sqft 3 2 41 34 40 41