Navi Title Agency

Mesa, AZ 85213

Single-Family Homes

Here is your weekly Market Update!



Mesa, AZ 85213

Wed May 22 2024
This week the median list price for Mesa, AZ 85213 is $675,000 with the market action index hovering around 54. This is less than last month's market action index of 59. Inventory has decreased to 41. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Mesa, AZ 85213

Wed May 22 2024
This week the median list price for Mesa, AZ 85213 is $675,000 with the market action index hovering around 54. This is less than last month's market action index of 59. Inventory has decreased to 41. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $675,000
Median Price of New Listings $559,450
Per Square Foot $283
Average Days on Market 43
Median Days on Market 28
Price Decreased 39%
Price Increased 5%
Relisted 10%
Inventory 41
Median Rent
Market Action 54
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,622,500 5,620 0.5 - 1 acre 5 5 24 1 1 42
$794,703 2,643 0.25 - 0.5 acre 4 3 15 0 2 21
$599,950 2,281 8,000 - 10,000 sqft 4 3 19 2 2 24
$499,900 1,567 8,000 - 10,000 sqft 3 2 41 3 0 21