Lawyers Title Market Report

Mesa, AZ

Single-Family Homes

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Mesa, AZ

Sun Jul 21 2019
This week the median list price for Mesa, AZ is $330,250 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has held steady at or around 980. Click here to stay informed with the Mesa market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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

Sun Jul 21 2019
This week the median list price for Mesa, AZ is $330,250 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has held steady at or around 980. Click here to stay informed with the Mesa market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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 $330,250
Per Square Foot $165
Days on Market 61
Price Decreased 38%
Price Increased 6%
Relisted 4%
Inventory 980
Median House Rent $1,599
Most Expensive $2,995,000
Least Expensive $99,000
Market Action Index
Strong Seller's Market
49

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
$610,000 3,933 0.25 - 0.5 acre 4 3 15 14 24 104
$375,000 2,394 8,000 - 10,000 sqft 4 2 17 26 43 53
$299,900 1,838 4,500 - 6,500 sqft 3 2 22 50 33 44
$240,000 1,432 4,500 - 6,500 sqft 3 2 40 51 51 44