First Integrity Title Market Report

Mesa, AZ

Single-Family Homes

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Mesa, AZ

Sat Mar 02 2024
This week the median list price for Mesa, AZ is $535,000 with the market action index hovering around 45. This is an increase over last month's market action index of 42. Inventory has decreased to 660. 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

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

Sat Mar 02 2024
This week the median list price for Mesa, AZ is $535,000 with the market action index hovering around 45. This is an increase over last month's market action index of 42. Inventory has decreased to 660. 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

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 $535,000
Median Price of New Listings $545,000
Per Square Foot $277
Average Days on Market 63
Median Days on Market 35
Price Decreased 46%
Price Increased 4%
Relisted 5%
Inventory 660
Median Rent
Market Action 45
Strong Seller's Market

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
$899,900 3,219 0.25 - 0.5 acre 4 4 12 35 18 42
$619,000 2,281 6,500 - 8,000 sqft 4 3 19 33 26 35
$470,000 1,717 6,500 - 8,000 sqft 3 2 27 30 29 35
$375,000 1,376 6,500 - 8,000 sqft 2 2 44 29 32 28