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Mesa, AZ 85212

Single-Family Homes

Here is your weekly Market Update!



Mesa, AZ 85212

Wed Feb 21 2024
This week the median list price for Mesa, AZ 85212 is $625,000 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has increased to 148. 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.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Mesa, AZ 85212

Wed Feb 21 2024
This week the median list price for Mesa, AZ 85212 is $625,000 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has increased to 148. 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.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $625,000
Median Price of New Listings $545,000
Per Square Foot $273
Average Days on Market 68
Median Days on Market 35
Price Decreased 48%
Price Increased 9%
Relisted 7%
Inventory 148
Median Rent
Market Action 38
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift 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
$898,600 3,441 8,000 - 10,000 sqft 4 4 5 3 6 77
$675,000 2,472 6,500 - 8,000 sqft 4 3 4 0 9 35
$595,000 2,188 6,500 - 8,000 sqft 4 3 9 5 6 42
$499,999 1,794 4,500 - 6,500 sqft 3 2 11 7 7 35