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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mesa is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Mesa has remained a Seller's Market.

Key Takeaway

Mesa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mesa, AZ

How much do homes in Mesa, AZ cost?

Median Sold Price

$449,990

$270/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$19,710(+4.6%)

Key Takeaway

Homes in Mesa have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Mesa was $449,990 in September 2024, up 4.6% from last year, and the median price per square foot was $270.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $214.5K$215K
0.2%
2 $318.3K$334.5K
+5.1%
3 $424.6K$441.5K
+4.0%
4 $533.6K$565.7K
+6.0%
5+ $695.5K$742.7K
+6.8%

Summary: Mesa housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 6.8%.

Median Sold Price Compared To Nearby Cities

Chandler
+6.9%
Apache Junction
+6.8%
Gilbert
+6.2%
Mesa
+4.6%

Housing Supply in Mesa, AZ

How many homes are available in Mesa, AZ?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1,9061,949+2.3%

Summary: The Mesa real estate market had 1,949 homes for sale in September 2024, a 2.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 2527
+8.0%
2 425428
+0.7%
3 756765
+1.2%
4 495513
+3.6%
5+ 205216
+5.4%

Summary: The Mesa housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 5.4%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
426389-8.7%

Asking Price vs. Sold Price

211 Homes Were Sold
Under Asking

121 Homes Were Sold
At Asking

57 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. 54.2% of homes here sold below asking price last month.

Summary: A total of 389 homes were sold or pending in Mesa in September 2024, down by 8.7% month-over-month. Of the 389 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.

Days on Market for Mesa, AZ

How long does it take to sell a home in Mesa, AZ?

Average Sale Time

Sep 2023Sep 2024CHANGE
45 Days57 Days+25.8%

Summary: Homes in Mesa had an average of 57 days on market in Sep 2024, up by 25.8% compared to last year.

Breakdown of Home Sale Times

129 Homes Were Sold
Under 30 Days

185 Homes Were Sold
In 30 - 90 Days

75 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.

Summary: During September 2024, 389 homes were sold in Mesa; 33% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.

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

Report Updated 10 Days Ago

Newest Listings in Mesa, AZ

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