First Integrity Title Market Report
Mesa, AZ
Condos/Townhomes
www.FirstIntegrityTitle.com | 303.837.9171
Mesa, AZ
Sun Mar 07 2021
This week the median list price for Mesa, AZ is $270,000 with the market action index hovering around 91. This is an increase over last month's market action index of 86. Inventory has held steady at or around 46.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $270,000 | |
| Per Square Foot | $204 | |
| Days on Market | 4 | |
| Price Decreased | 7% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 46 | |
| Median Rent | $1,274 | |
| Most Expensive | $1,120,000 | |
| Least Expensive | $175,000 | |
| Market Action | 91 | |
| Strong Seller's Market | ||
The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $415,000 | 1,633 | 4,500 - 6,500 sqft | 2 | 2 | 30 | 1 | 4 | 7 |
| $289,900 | 1,463 | 0 - 4,500 sqft | 3 | 2 | 17 | 8 | 2 | 0 |
| $270,000 | 1,843 | 0 - 4,500 sqft | 3 | 3 | 1 | 2 | 9 | 56 |
| $196,000 | 1,003 | 0 - 4,500 sqft | 2 | 2 | 36 | 5 | 7 | 0 |