Is Mesa, 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, 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
$448,236
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mesa have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Mesa was $448,236 in April 2024, up 1.9% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214.9K | $215K | 0.0% |
| 2 Bedrooms | $328.3K | $330.6K | +0.7% |
| 3 Bedrooms | $434.3K | $435.5K | 0.3% |
| 4 Bedrooms | $545.1K | $555.2K | +1.9% |
| 5+ Bedrooms | $715.5K | $715.9K | 0.1% |
Summary: Mesa 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 increased by 0.7%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 0.1%.
Median Sold Price Compared To Nearby Cities
| Apache Junction | $380K | $389.5K | +2.5% |
| Mesa | $439.8K | $448.2K | +1.9% |
| Chandler | $518.3K | $524.9K | +1.3% |
| Gilbert | $565.9K | $570.1K | +0.7% |
Housing Supply in Mesa, AZ
How many homes are available in Mesa, AZ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2,073 | 2,021 | -2.5% |
Summary: The Mesa real estate market had 2,021 homes for sale in April 2024, a 2.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 32 | 33 | +3.1% |
| 2 Bedrooms | 579 | 545 | -5.9% |
| 3 Bedrooms | 771 | 766 | -0.6% |
| 4 Bedrooms | 488 | 471 | -3.5% |
| 5+ Bedrooms | 203 | 206 | +1.5% |
Summary: The Mesa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.1%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 1.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 574 | 569 | -0.9% |
Asking Price vs. Sold Price
266 Homes Were Sold
Under Asking
189 Homes Were Sold
At Asking
114 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mesa, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 569 homes were sold or pending in Mesa in April 2024, down by 0.9% month-over-month. Of the 569 sold homes, 47% were sold under asking, 33% were sold at asking, and 20% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 66 Days | 50 Days | -24.8% |
Summary: Homes in Mesa had an average of 50 days on market in Apr 2024, down by 24.8% compared to last year.
Breakdown of Home Sale Times
235 Homes Were Sold
Under 30 Days
245 Homes Were Sold
In 30 - 90 Days
89 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mesa has remained consistent over time.
Summary: During April 2024, 569 homes were sold in Mesa; 41% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.