Lawyers Title Market Report

Mesa, AZ

Single-Family Homes

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Mesa, AZ

Fri Sep 20 2019
This week the median list price for Mesa, AZ is $350,000 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has held steady at or around 908. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Mesa, AZ

Fri Sep 20 2019
This week the median list price for Mesa, AZ is $350,000 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has held steady at or around 908. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $350,000
Per Square Foot $169
Days on Market 59
Price Decreased 39%
Price Increased 8%
Relisted 4%
Inventory 908
Median House Rent $1,695
Most Expensive $2,875,000
Least Expensive $119,900
Market Action Index
Strong Seller's Market
50

Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$639,000 3,882 0.25 - 0.5 acre 5 3 15 22 22 99
$395,000 2,451 8,000 - 10,000 sqft 4 2 17 38 26 49
$315,000 1,901 4,500 - 6,500 sqft 3 2 24 43 44 47
$250,000 1,444 4,500 - 6,500 sqft 3 2 40 48 41 40