Lawyers Title Market Report

Mesa, AZ

Single-Family Homes

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Mesa, AZ

Tue Jul 14 2020
This week the median list price for Mesa, AZ is $415,000 with the market action index hovering around 66. This is an increase over last month's market action index of 59. Inventory has held steady at or around 392. 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

Tue Jul 14 2020
This week the median list price for Mesa, AZ is $415,000 with the market action index hovering around 66. This is an increase over last month's market action index of 59. Inventory has held steady at or around 392. 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 $415,000
Per Square Foot $186
Days on Market 69
Price Decreased 31%
Price Increased 9%
Relisted 4%
Inventory 392
Median Rent $1,808
Most Expensive $3,985,000
Least Expensive $52,000
Market Action 66
Strong Seller's Market

The market is 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
$899,450 4,259 0.5 - 1 acre 5 4 16 8 12 131
$493,245 2,698 8,000 - 10,000 sqft 4 3 3 23 23 50
$359,000 1,993 0 - 4,500 sqft 3 2 21 36 28 45
$269,900 1,579 0 - 4,500 sqft 3 2 43 48 42 48