First Integrity Title Market Report

Mesa, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372



Mesa, AZ

Tue Mar 28 2023
This week the median list price for Mesa, AZ is $311,950 with the market action index hovering around 51. This is an increase over last month's market action index of 48. Inventory has decreased to 122. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Mesa, AZ

Tue Mar 28 2023
This week the median list price for Mesa, AZ is $311,950 with the market action index hovering around 51. This is an increase over last month's market action index of 48. Inventory has decreased to 122. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $311,950
Median Price of New Listings $289,000
Per Square Foot $254
Average Days on Market 69
Median Days on Market 42
Price Decreased 42%
Price Increased 2%
Relisted 11%
Inventory 122
Median Rent
Market Action 51
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$409,750 1,606 0 - 4,500 sqft 3 2 21 7 4 38
$336,500 1,297 0 - 4,500 sqft 3 2 30 3 4 42
$289,000 1,166 0 - 4,500 sqft 2 2 41 6 5 56
$239,000 960 0 - 4,500 sqft 2 2 38 9 8 42