Lawyers Title Market Report

Mesa, AZ

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Mesa, AZ

Fri Apr 19 2019
This week the median list price for Mesa, AZ is $332,447 with the market action index hovering around 42. This is an increase over last month's market action index of 39. Inventory has held steady at or around 1260. 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

Slight Seller's Advantage

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 Apr 19 2019
This week the median list price for Mesa, AZ is $332,447 with the market action index hovering around 42. This is an increase over last month's market action index of 39. Inventory has held steady at or around 1260. 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

Slight Seller's Advantage

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 $332,447
Per Square Foot $164
Days on Market 67
Price Decreased 44%
Price Increased 5%
Relisted 5%
Inventory 1260
Median House Rent $1,687
Most Expensive $2,850,000
Least Expensive $124,900
Market Action Index
Slight Seller's Advantage
42

The market appears to be hovering around this plateau. Look for a persistent change 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
$569,900 3,555 0.25 - 0.5 acre 4 3 15 29 30 113
$369,000 2,365 8,000 - 10,000 sqft 4 2 19 52 40 60
$299,000 1,799 6,500 - 8,000 sqft 3 2 23 64 51 49
$233,000 1,401 4,500 - 6,500 sqft 3 2 40 61 73 45