$5,105 Closing Credit*
$429,900
1,632 SqFt
2 Beds
•2 Baths
Laurel K. Puszert, Listing Office: HomeSmart
Is Mesa, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$449,995
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,270(+4.5%)
Key Takeaway
Homes in Mesa have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Mesa was $449,995 in November 2024, up 4.5% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $213.5K | -3.0% |
| 2 Bedrooms | $320K | $334.8K | +4.6% |
| 3 Bedrooms | $425.3K | $440K | +3.4% |
| 4 Bedrooms | $535.1K | $565.2K | +5.6% |
| 5+ Bedrooms | $698.5K | $750K | +7.4% |
Summary: Mesa housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Apache Junction | $379K | $405K | +6.9% |
| Gilbert | $550K | $586.6K | +6.7% |
| Chandler | $509.9K | $534.9K | +4.9% |
| Mesa | $430.7K | $449.9K | +4.5% |
Housing Supply in Mesa, AZ
How many homes are available in Mesa, AZ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,070 | 2,065 | -0.2% |
Summary: The Mesa real estate market had 2,065 homes for sale in November 2024, a 0.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 32 | +10.3% |
| 2 Bedrooms | 499 | 520 | +4.2% |
| 3 Bedrooms | 826 | 805 | -2.5% |
| 4 Bedrooms | 508 | 496 | -2.4% |
| 5+ Bedrooms | 208 | 212 | +1.9% |
Summary: The Mesa housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 1.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 466 | 388 | -16.7% |
Asking Price vs. Sold Price
206 Homes Were Sold
Under Asking
122 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mesa, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.
Summary: A total of 388 homes were sold or pending in Mesa in November 2024, down by 16.7% month-over-month. Of the 388 sold homes, 53% were sold under asking, 31% were sold at asking, and 15% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 58 Days | +33.3% |
Summary: Homes in Mesa had an average of 58 days on market in Nov 2024, up by 33.3% compared to last year.
Breakdown of Home Sale Times
146 Homes Were Sold
Under 30 Days
164 Homes Were Sold
In 30 - 90 Days
78 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mesa has remained consistent over time.
Summary: During November 2024, 388 homes were sold in Mesa; 38% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 20% 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.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. 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. Listings provided by brokerages other than this broker are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved.