Is Mesa, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mesa is a 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, CA

How much do homes in Mesa, CA cost?

Median Sold Price

$2,387,500

$1,549/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$257,500(+12.1%)

Key Takeaway

Homes in Mesa have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in Mesa was $2,387,500 in November 2024, up 12.1% from last year, and the median price per square foot was $1,549.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $715K$714K
-0.1%
2 $1.6M$1.6M
-0.9%
3 $2.3M$2.3M
+3.0%
4 $2.4M$3.3M
+37.5%
5+ $16.2M$3.1M
-80.8%

Summary: Mesa housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 80.8%.

Median Sold Price Compared To Nearby Neighborhoods

Mesa
+12.1%
Alta Mesa
+10.0%
West Side
-8.3%

Housing Supply in Mesa, CA

How many homes are available in Mesa, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3134+9.7%

Summary: The Mesa real estate market had 34 homes for sale in November 2024, a 9.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 510
+100.0%
3 1211
-8.3%
4 1211
-8.3%
5+ 11
0.0%

Summary: The Mesa housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mesa, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Mesa in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.

Days on Market for Mesa, CA

How long does it take to sell a home in Mesa, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
60 Days67 Days+11.3%

Summary: Homes in Mesa had an average of 67 days on market in Nov 2024, up by 11.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mesa are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in Mesa; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Mesa, CA

Nearby Markets to Mesa, CA