First Integrity Title Market Report

Mesa, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372


Mesa, AZ

Thu Sep 21 2023
This week the median list price for Mesa, AZ is $299,500 with the market action index hovering around 71. This is less than last month's market action index of 74. Inventory has increased to 87. 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 been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Mesa, AZ

Thu Sep 21 2023
This week the median list price for Mesa, AZ is $299,500 with the market action index hovering around 71. This is less than last month's market action index of 74. Inventory has increased to 87. 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 been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $299,500
Median Price of New Listings $299,900
Per Square Foot $280
Average Days on Market 35
Median Days on Market 21
Price Decreased 25%
Price Increased 1%
Relisted 3%
Inventory 87
Median Rent
Market Action 71
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$399,900 1,476 0 - 4,500 sqft 3 2 21 8 4 21
$319,745 1,113 0 - 4,500 sqft 2 2 36 6 2 28
$279,900 1,000 0 - 4,500 sqft 2 2 39 3 2 21
$228,950 902 0 - 4,500 sqft 2 1 42 10 5 10