First Integrity Title Market Report

Mesa, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 303.837.9171


Mesa, AZ

Thu Dec 08 2022
This week the median list price for Mesa, AZ is $308,949 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has decreased to 220. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Thu Dec 08 2022
This week the median list price for Mesa, AZ is $308,949 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has decreased to 220. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $308,949
Median Price of New Listings $303,750
Per Square Foot $269
Average Days on Market 60
Median Days on Market 49
Price Decreased 59%
Price Increased 1%
Relisted 2%
Inventory 220
Median Rent
Market Action 40
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
$379,900 1,492 0 - 4,500 sqft 3 2 20 4 3 35
$331,000 1,227 0 - 4,500 sqft 2 2 30 4 4 42
$294,500 1,047 0 - 4,500 sqft 2 2 39 5 5 56
$259,900 918 0 - 4,500 sqft 2 1.5 39 5 6 49