Lawyers Title Market Report

Mesa, AZ 85208

Single-Family Homes

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Mesa, AZ 85208

Mon Jun 21 2021
This week the median list price for Mesa, AZ 85208 is $344,900 with the market action index hovering around 97. This is an increase over last month's market action index of 94. Inventory has increased to 13. 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 85208

Mon Jun 21 2021
This week the median list price for Mesa, AZ 85208 is $344,900 with the market action index hovering around 97. This is an increase over last month's market action index of 94. Inventory has increased to 13. 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 $344,900
Median Price of New Listings $380,000
Per Square Foot $218
Average Days on Market 5
Median Days on Market 0
Price Decreased 15%
Price Increased 0%
Relisted 0%
Inventory 13
Median Rent $2,000
Market Action 97
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this 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
$407,000 1,846 8,000 - 10,000 sqft 3 2 22 3 3 0
$375,000 1,713 6,500 - 8,000 sqft 3 2 44 2 1 0
$341,000 1,537 0 - 4,500 sqft 3 2 21 1 2 7
$312,450 1,298 4,500 - 6,500 sqft 2 2 43 1 1 10