First American Title Market Report

Mesa, AZ

Single-Family Homes



Mesa, AZ

Tue Oct 15 2024
This week the median list price for Mesa, AZ is $539,947 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has increased to 956. 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

Market Narrative

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

Tue Oct 15 2024
This week the median list price for Mesa, AZ is $539,947 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has increased to 956. 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

Market Narrative

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 $539,947
Median Price of New Listings $500,000
Per Square Foot $278
Average Days on Market 64
Median Days on Market 35
Price Decreased 53%
Price Increased 3%
Relisted 6%
Inventory 956
Median Rent
Market Action 41
Slight Seller's Advantage

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
$879,990 3,171 0.25 - 0.5 acre 4 3 10 26 17 49
$605,000 2,290 6,500 - 8,000 sqft 4 3 19 36 30 42
$489,900 1,769 6,500 - 8,000 sqft 3 2 26 46 26 35
$395,000 1,408 6,500 - 8,000 sqft 3 2 45 46 38 35