Lawyers Title Market Report

Mesa, AZ

Single-Family Homes

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Mesa, AZ

Mon Jun 21 2021
This week the median list price for Mesa, AZ is $450,000 with the market action index hovering around 100. This is about the same as last month's market action index of 100. Inventory has increased to 259. 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

Mon Jun 21 2021
This week the median list price for Mesa, AZ is $450,000 with the market action index hovering around 100. This is about the same as last month's market action index of 100. Inventory has increased to 259. 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 $450,000
Median Price of New Listings $413,000
Per Square Foot $241
Average Days on Market 29
Median Days on Market 7
Price Decreased 21%
Price Increased 4%
Relisted 2%
Inventory 259
Median Rent $2,100
Market Action 100
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
$948,950 4,165 0.5 - 1 acre 4 3 20 13 16 28
$546,000 2,356 8,000 - 10,000 sqft 4 2 26 29 26 7
$410,000 1,735 6,500 - 8,000 sqft 3 2 35 42 36 0
$320,000 1,306 6,500 - 8,000 sqft 3 2 47 33 28 7