Lawyers Title Market Report

Mesa, AZ

Single-Family Homes

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Mesa, AZ

Wed Nov 13 2019
This week the median list price for Mesa, AZ is $374,990 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has held steady at or around 655. 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

Wed Nov 13 2019
This week the median list price for Mesa, AZ is $374,990 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has held steady at or around 655. 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 $374,990
Per Square Foot $174
Days on Market 68
Price Decreased 44%
Price Increased 9%
Relisted 5%
Inventory 655
Median House Rent $1,725
Most Expensive $2,875,000
Least Expensive $64,900
Market Action Index
Strong Seller's Market
57

The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

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
$775,000 4,015 0.5 - 1 acre 4 4 15 16 13 112
$438,950 2,631 8,000 - 10,000 sqft 4 3 11 25 26 69
$330,495 1,996 0 - 4,500 sqft 3 2 23 36 43 50
$250,000 1,480 0 - 4,500 sqft 3 2 41 46 55 39