March 2024 Real Estate Update in Mesa

Phoenix Real Estate Market / By
AT A GLANCE

Mesa Housing Market Conditions

Return here monthly for Mesa Housing Market Conditions. Mesa Realtors reporting Facts not fiction. Info from the Arizona Regional Multiple Listing Service (MLS).
Text 602-300-0374 or email us
On a price per-square foot average (see charts below):

Prices remain virtually unchanged since last July

​

March 2024 began with listings at 122% of the 3 year average of 576 (from 2021-2023). 

February’s sales were at 76% of the 3 year average of  557 (from 2021-2023).

Call or text 602-300-0374! ASK US HOW TO GET THE BEST DEAL ON A HOME with current Mesa Housing Market Conditions!

Information Source

March 26, 2024 8:12 pm

About Mesa

Mesa is currently turning over housing inventory once every 1.8 months

Mesa Housing Market Conditions Updated for March 2024

To reduce data errors results are based on:

  • Mesa SOLD single family residences, patio homes, and townhomes (ask us about condos)
  • List/sales price under $1,000,000
  • Size over 1,000 sq ft.
  • Calendar month

Table Explanation

5 YEARS of sales data below will increase your understanding the local housing market (we have city data archived back to January 2008).

MonthTotal ActiveTotal Sold% SoldMO. INV.Sq ftPriceDOM$$ sq ft+/- List PriceActive # Foreclo.% Active Foreclo.Sold Foreclo.% Sold Foreclo.
Mar-24705        10.1%  
Feb-2475142356.3%1.81,870$485,90859$260-$6,79610.1%20.5%
Jan-2470731043.8%2.31,833$477,33753$260-$7,05930.4%10.3%
Mesa Housing Market Conditions 2022
Dec-2372530441.9%2.41,890$479,66251$254-$9,29420.3%00.0%
Nov-2371432245.1%2.21,822$471,86744$259-$7,52310.1%10.3%
Oct-2355930654.7%1.81,942$502,60040$259-$5,97810.2%00.0%
Sep-2349533868.3%1.51,861$483,23144$260-$4,39300.0%20.6%
Aug-23421435103.3%1.01,893$485,50340$256-$3,70920.5%00.0%
Jul-2345339086.1%1.21,903$493,13345$259-$4,55810.2%30.8%
Jun-23498507101.8%1.01,968$489,47155$249-$5,68720.4%10.2%
May-23527577109.5%0.91,925$475,44062$247-$5,80310.2%10.2%
Apr-2368151976.2%1.31,882$465,44671$247 10.1%30.6%
Mar-2381964078.1%1.31,853$459,68972$248 10.1%00.0%
Feb-2393347751.1%2.01,822$452,60671$248 00.0%00.0%
Jan-231,06637735.4%2.81,830$451,69174$247 00.0%00.0%
Mesa Housing Market Conditions 2022
Dec-221,26839931.5%3.21,901$460,67161$242 00.0%00.0%
Nov-221,38835225.4%3.91,924$488,67558$254 00.0%00.0%
Oct-221,33343132.3%3.11,882$483,37349$257 00.0%00.0%
Sep-221,24348939.3%2.51,838$484,85843$264 00.0%00.0%
Aug-221,19445237.9%2.61,895$495,99734$262 00.0%00.0%
Jul-2293845148.1%2.11,838$496,32228$270 00.0%00.0%
Jun-22558623111.6%0.91,827$507,45824$278 00.0%10.2%
May-22345678196.5%0.51,806$512,76921$284 10.3%10.1%
Apr-22252679269.4%0.41,811$492,09822$272 10.4%20.3%
Mar-22213809379.8%0.31,876$497,01724$265 00.0%10.1%
Feb-22244595243.9%0.41,832$470,05826$257 10.4%10.2%
Jan-22318547172.0%0.61,862$463,13930$249 10.3%00.0%
Mesa Housing Market Conditions 2021
Dec-21394701177.9%0.61,897$466,27529$246 10.3%10.1%
Nov-21419718171.4%0.61,850$448,45327$242 00.0%10.1%
Oct-21444618139.2%0.71,872$454,88426$243 00.0%20.3%
Sep-21376709188.6%0.51,860$444,28022$239 30.8%30.4%
Aug-21418702167.9%0.61,927$449,37622$233 20.5%10.1%
Jul-21296680229.7%0.41,910$439,51919$230 00.0%00.0%
Jun-21255728285.5%0.41,951$437,07520$224 00.0%10.1%
May-21180718398.9%0.31,940$432,38020$223 10.6%20.3%
Apr-21176749425.6%0.21,849$398,28119$215 10.6%20.3%
Mar-21218776356.0%0.31,865$390,86421$210 00.0%40.5%
Feb-21186662355.9%0.31,934$383,76932$198 00.0%00.0%
Jan-21205580282.9%0.41,925$374,04232$194 00.0%10.2%
Mesa Housing Market Conditions 2020
Dec-20353774219.3%0.51,916$362,68933$189 00.0%20.3%
Nov-20440815185.2%0.51,925$364,44328$189 10.2%10.1%
Oct-20441787178.5%0.61,947$370,24429$190 30.7%30.4%
Sep-20352806229.0%0.42,002$366,62229$183 51.4%20.2%
Aug-20391733187.5%0.51,923$346,99032$180 20.5%40.5%
Jul-20377803213.0%0.51,945$346,35841$178 10.3%10.1%
Jun-20546826151.3%0.71,989$343,69547$173 10.2%40.5%
May-2059056695.9%1.01,968$338,71837$172 30.5%61.1%
Apr-2074962383.2%1.21,899$329,41733$173 60.8%30.5%
Mar-20501736146.9%0.71,937$336,76940$174 51.0%10.1%
Feb-20567593104.6%1.01,925$326,99245$170 20.4%10.2%
Jan-2056150690.2%1.11,892$319,12247$169 20.4%91.8%
Mesa Housing Market Conditions 2019
Dec-1966563094.7%1.11,893$312,38943$165 71.1%30.5%
Nov-1969257683.2%1.21,900$315,37142$166 60.9%10.2%
Oct-19661672101.7%1.01,949$317,03142$163 50.8%71.0%
Sep-19620663106.9%0.91,975$320,79642$162 40.6%40.6%
Aug-19699768109.9%0.91,933$310,25045$161 50.7%101.3%
Jul-19718732101.9%1.02,024$320,39249$158 71.0%50.7%
Jun-19773773100.0%1.01,955$312,18153$160 50.6%40.5%
May-19898916102.0%1.01,941$308,23348$159 111.2%60.7%
Apr-1996582585.5%1.21,902$301,09554$158 90.9%60.7%
Mar-191,05475171.3%1.41,868$291,93562$156 131.2%70.9%
Feb-191,09456151.3%2.01,857$295,13162$159 141.3%40.7%
Jan-191,01648147.3%2.11,821$278,29358$153 80.8%51.0%

Table Explanation

NOTE: we use the term “foreclosure” to describe bank owned homes and short sales because most people are familiar with it. “Distressed Properties” may be more accurate.

  • Total Active – # of homes for sale at the beginning of the current month
  • Total Sold – # of homes sold in the current month
  • % Sold – a ratio of total sold to total active
  • MO. INV. – based on total sold, how many months it would take to sell the total “active” inventory
  • Sq ft – average square footage of sold homes
  • Price – average sales price of sold homes
  • DOM – Days On Market, or average days to sale
  • $ sq ft – average price per square foot
  • +/- List Price – the average dollars received by sellers above or below their average list prices
  • Active # Foreclo. – # distressed properties for sale at beginning of month
  • % Active Foreclo. – active # distressed properties expressed as a %
  • Sold Foreclo. – # distressed properties sold in current month
  • % Sold Foreclo. – # distressed properties expressed as a %

About Mesa

State: Arizona
County: Maricopa
Location: Mesa
ZIP or Postal Code(s): 85201, 85202, 85203, 85204, 85205, 85206, 85207, 85208, 85209, 85210, 85212, 85213, 85215

Mesa Fast Facts

  • 484,587 Population in 2017 making it the 2nd largest city in Metro Phoenix and 3rd in the state. It’s also the 38th largest city in the US bigger than Atlanta, Miami, Oakland, Minneapolis, and New Orleans.
  • About 133 square miles in size
  • 40+ golf courses
  • 57 Parks and 9 public pools
  • 3,000 restaurants, 65 hotels and resorts
  • Largest employers: Banner Health Systems, Mesa Public Schools, The Boeing Company, and the City of Mesa

Return regularly for Mesa Housing Market Conditions, to find homes for sale in Mesa, and to work with a professional Mesa Real Estate Agent.

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