Mesa, AZ Home Values & Market Trends
Real estate market trends reflect that there have been 9,576 transactions over the past year in Mesa. The median value for residential home transactions that occurred over the previous year is $447,354.8. The number of current listings in Mesa is 45, and the percentage of properties for sale in the city is 45.00%. Mesa, AZ currently has 137 properties in foreclosure, 2 bank owned properties, 135 properties headed for auction, and 45 properties for sale.
Mesa, AZ Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 85212 | $ 619,850 $ 278/sqft | 85208 | $ 367,000 $ 259/sqft |
| 85206 | $ 391,999 $ 256/sqft | 85204 | $ 236,217 $ 239/sqft |
| 85205 | $ 366,828 $ 231/sqft | 85201 | $ 459,000 $ 254/sqft |
| 85209 | $ 440,087 $ 239/sqft | 85210 | $ 393,435 $ 292/sqft |
| 85203 | $ 553,340 $ 290/sqft | 85215 | $ 477,583 $ 295/sqft |
| 85202 | $ 310,000 $ 310/sqft | 85207 | $ -- $ -- |
| 85213 | $ 672,232 $ 243/sqft |
Housing Market Summary for Mesa, AZ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $460K | $431.4K | -6.22% |
| Median Sold Price | $434.2K | $431.4K | -0.64% |
| Homes For Sale | 476 | 52 | -89.08% |
| Homes Sold | 6,592 | 5,886 | -10.71% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Mesa, AZ
Browse Homes in Mesa, AZ
Mesa home values range from $25,329 to $57,808,570. The median estimated value of a home in Mesa is $447,354.8. The median list price of a home is 449,000, and the total count of properties in the city is 168,458.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Mesa, AZ with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 13 zips within Mesa, AZ; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Mesa, AZ ranges from the highest value of $265,000 in 85203 to the lowest value of $265,000 in 85208. Bank owned homes and properties account for 0.00% of properties in Mesa, AZ. There are 13 zips within Mesa, AZ; 85208 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions85204 has 18 auction properties, the highest number of properties going to auction in a single zip in the state of Mesa, AZ. Auction homes and other auction properties account for 0.08% of all properties in Mesa, AZ. There are 13 zips within Mesa, AZ; of those zips, the median estimated home value for homes going to auction ranges from $907,266 in 85206 to the lowest value of $222,166 in 85206.
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Guide for Mesa, AZ
The Mesa, Arizona real estate market displays a variety of trends with property values fluctuating monthly.
The Tucson real estate market has witnessed significant growth trends, with average property values reaching $367,000 as of February 2024. This growth offers equity gain opportunities to investors despite the market’s competitive nature. Additionally, neighboring cities present varied property value and market activity scenarios, offering homebuyers a range of options.
Glendale, AZ’s real estate market has seen considerable fluctuations in property value and sale prices. The significant peaks and troughs offer intriguing trends to potential buyers, sellers, and investors, while a comparative analysis with nearby cities like Phoenix, Peoria, and Sun City presents a diverse real estate landscape in this region of Arizona.
Overview of the Chandler, Arizona real estate market – Mar 2024.