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 November 2020

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.

How much do homes in Mesa, AZ cost?

Median Sold Price

$384,773

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$74,728(+24.1%)

Key Takeaway

Homes in Mesa have sold for 24.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $130K$172.7K
+32.9%
2 $224.9K$269.9K
+20.0%
3 $300K$376K
+25.4%
4 $368.6K$460K
+24.8%
5+ $485.2K$620.9K
+28.0%

Median Sold Price Compared To Nearby Cities

Queen Creek
+29.4%
Apache Junction
+27.1%
Gilbert
+26.6%
Mesa
+24.1%

How many homes are available in Mesa, AZ?

Number of Homes For Sale

Oct 2021Nov 2021%
1,9601,875-4.3%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 2224
+9.1%
2 402401
-0.2%
3 860799
-7.1%
4 504491
-2.6%
5+ 172160
-7.0%

Number of Homes Sold

Oct 2021Nov 2021%
634670+5.7%

Asking Price vs. Sold Price

187 Homes Were Sold
Under Asking

142 Homes Were Sold
At Asking

341 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mesa, you could pay more than the asking price. 50.9% of homes here sold above asking price last month.

Average Sale Time

Nov 2020Nov 2021%
27 Days26 Days-5.8%

Breakdown of Home Sale Times

416 Homes Were Sold
Under 30 Days

234 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mesa are selling fast, if you're buying plan to act quickly.

About Mesa, AZ

Mesa, AZ has 1,875 homes on the market. The number of homes for sale in Mesa, AZ decreased by 4.3% between October 2021 and November 2021. The median list price of listings available in November 2021 was $384,773, while the average time on the real estate market was 26 days. Listing prices have changed in this real estate market between October 2021 and November 2021: 1 bedroom properties became 32.9% more expensive, prices of 2 bedrooms properties increased by 20%, the cost of 3 bedrooms properties went up by 25.4%, the cost of 4 bedrooms properties went up by 24.8%, 5 bedrooms properties became 28% more expensive. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went up by 9.1%, 2 bedrooms homes became 0.2% less available, the quantity of 3 bedrooms homes went down by 7.1%, number of 4 bedrooms homes decreased by 2.6%, 5 bedrooms homes became 7% less available. Mesa, AZ housing market in November 2021 saw over 341 listings sold above listed price, more than 142 sold at listed price and over 187 sold below.

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