Is Mesa, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mesa is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Mesa was a Seller's Market.

Key Takeaway

Mesa is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Mesa, AZ cost?

Median Sold Price

$455,574

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$70,690(+18.4%)

Key Takeaway

Homes in Mesa have sold for 18.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $172.7K$212K
+22.7%
2 $269.7K$340K
+26.0%
3 $376.6K$449.8K
+19.4%
4 $460K$554K
+20.5%
5+ $621.7K$732.4K
+17.8%

Median Sold Price Compared To Nearby Cities

Apache Junction
+21.3%
Gilbert
+18.6%
Mesa
+18.4%
Chandler
+16.9%

How many homes are available in Mesa, AZ?

Number of Homes For Sale

Oct 2022Nov 2022%
2,0402,051+0.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 2625
-3.8%
2 414433
+4.6%
3 856858
0.2%
4 544544
0.0%
5+ 200191
-4.5%

Number of Homes Sold

Oct 2022Nov 2022%
413339-17.9%

Asking Price vs. Sold Price

211 Homes Were Sold
Under Asking

85 Homes Were Sold
At Asking

43 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mesa, you may be able to get a good deal. 62.2% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
26 Days55 Days+110.7%

Breakdown of Home Sale Times

114 Homes Were Sold
Under 30 Days

154 Homes Were Sold
In 30 - 90 Days

71 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mesa has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Mesa, AZ

There are 2,051 homes are for sale in Mesa, AZ real estate market. Between October 2022 and November 2022, Mesa, AZ real estate market has seen increase in the number of listings by 0.5%. In November 2022 median list price was $455,574 and the average listing age was 55 days. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 22.7%, prices of 2 bedrooms properties went up by 26%, the cost of 3 bedrooms properties went up by 19.4%, 4 bedrooms properties prices increased by 20.5%, 5 bedrooms properties became 17.8% more expensive. Housing inventory have changed in this real estate market: 1 bedroom homes became 3.8% less available, volume of 2 bedrooms homes went up by 4.6%, the quantity of 3 bedrooms homes went up by 0.2%, number of 4 bedrooms homes remained the same, 5 bedrooms homes inventory decreased by 4.5%. In November 2022 more than 43 listings in Mesa, AZ were sold above the asking price. During the same period more than 85 listings were sold at asking price, while more than 211 were sold below.

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