Your Localized Market Report

Mesa, AZ

Single-Family Homes

Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com



Mesa, AZ

Wed Oct 04 2023
This week the median list price for Mesa, AZ is $559,950 with the market action index hovering around 56. This is less than last month's market action index of 60. Inventory has increased to 472. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Mesa, AZ

Wed Oct 04 2023
This week the median list price for Mesa, AZ is $559,950 with the market action index hovering around 56. This is less than last month's market action index of 60. Inventory has increased to 472. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $559,950
Median Price of New Listings $524,900
Per Square Foot $271
Average Days on Market 54
Median Days on Market 28
Price Decreased 45%
Price Increased 3%
Relisted 6%
Inventory 472
Median Rent
Market Action 56
Strong Seller's Market

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
$942,500 3,556 0.25 - 0.5 acre 5 4 11 11 11 52
$629,950 2,399 6,500 - 8,000 sqft 4 3 21 21 17 31
$515,000 1,886 6,500 - 8,000 sqft 3 2 27 17 14 21
$392,250 1,400 6,500 - 8,000 sqft 2 2 43 32 26 21