Is Mesa, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Mesa has remained a Seller's Market.
Housing Prices in Mesa, AZ
How much do homes in Mesa, AZ cost?
Median Sold Price
$445,239
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mesa was $445,239 in March 2024, up 0.1% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $210.5K | -2.1% |
2 Bedrooms | $330K | $329.9K | 0% |
3 Bedrooms | $437K | $432.4K | -1.0% |
4 Bedrooms | $549.9K | $550.5K | 0.1% |
5+ Bedrooms | $729.5K | $713.7K | -2.2% |
Summary: Mesa housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes did not change, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
Chandler | $520.5K | $522.3K | 0.3% |
Mesa | $444.8K | $445.2K | 0.1% |
Apache Junction | $389.5K | $388.1K | -0.4% |
Gilbert | $571.5K | $566.5K | -0.9% |
Housing Supply in Mesa, AZ
How many homes are available in Mesa, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,947 | 2,050 | +5.3% |
Summary: The Mesa real estate market had 2,050 homes for sale in March 2024, a 5.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 37 | 36 | -2.7% |
2 Bedrooms | 515 | 573 | +11.3% |
3 Bedrooms | 730 | 758 | +3.8% |
4 Bedrooms | 473 | 470 | -0.6% |
5+ Bedrooms | 192 | 213 | +10.9% |
Summary: The Mesa housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 10.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
484 | 575 | +18.8% |
Asking Price vs. Sold Price
298 Homes Were Sold
Under Asking
186 Homes Were Sold
At Asking
91 Homes Were Sold
Over Asking
Summary: A total of 575 homes were sold or pending in Mesa in March 2024, up by 18.8% month-over-month. Of the 575 sold homes, 52% were sold under asking, 32% were sold at asking, and 16% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
72 Days | 57 Days | -21.4% |
Summary: Homes in Mesa had an average of 57 days on market in Mar 2024, down by 21.4% compared to last year.
Breakdown of Home Sale Times
230 Homes Were Sold
Under 30 Days
211 Homes Were Sold
In 30 - 90 Days
134 Homes Were Sold
Over 90 Days
Summary: During March 2024, 575 homes were sold in Mesa; 40% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.