Is Mesquite, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mesquite has remained a Seller's Market.
Housing Prices in Mesquite, AZ
How much do homes in Mesquite, AZ cost?
Median Sold Price
$652,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mesquite was $652,000 in April 2024, down 3.5% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $542.5K | N/A |
3 Bedrooms | $583.5K | $576.5K | -1.2% |
4 Bedrooms | $665K | $650K | -2.3% |
5+ Bedrooms | $775K | $823K | +6.2% |
Summary: Mesquite housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Neighborhoods
Tierra Del Rio | $657K | $646.5K | -1.6% |
Mesquite | $675.7K | $652K | -3.5% |
Cibola Vista | $759.9K | $699.5K | -8.0% |
Westwing Mountain | $714.9K | $629K | -12.0% |
Housing Supply in Mesquite, AZ
How many homes are available in Mesquite, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
152 | 170 | +11.8% |
Summary: The Mesquite real estate market had 170 homes for sale in April 2024, a 11.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 40 | 52 | +30.0% |
4 Bedrooms | 69 | 72 | +4.3% |
5+ Bedrooms | 41 | 45 | +9.8% |
Summary: The Mesquite housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 9.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 39 | +30.0% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Mesquite in April 2024, up by 30.0% month-over-month. Of the 39 sold homes, 72% were sold under asking, 18% were sold at asking, and 10% were sold over asking.
Days on Market for Mesquite, AZ
How long does it take to sell a home in Mesquite, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 69 Days | +19.3% |
Summary: Homes in Mesquite had an average of 69 days on market in Apr 2024, up by 19.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 39 homes were sold in Mesquite; 41% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.