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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mesa is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Mesa was a Seller's Market.

Key Takeaway

Mesa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mesa, CA

How much do homes in Mesa, CA cost?

Median Sold Price

$2,375,000

$1,475/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$350,000(+17.3%)

Key Takeaway

Homes in Mesa have sold for 17.3% more than they did a year ago.

Summary: The median home sold price in Mesa was $2,375,000 in September 2024, up 17.3% from last year, and the median price per square foot was $1,475.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $685K$702K
+2.5%
2 $1.3M$1.5M
+15.2%
3 $2.1M$2.3M
+11.8%
4 $2.1M$3.1M
+46.3%
5+ $16.2M$3.1M
-80.8%

Summary: Mesa housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 46.3%, and 5+ bedroom homes decreased by 80.8%.

Median Sold Price Compared To Nearby Neighborhoods

Alta Mesa
+23.5%
Mesa
+17.3%
East Mesa
+14.3%
West Mesa
+5.2%
West Side
-16.4%

Housing Supply in Mesa, CA

How many homes are available in Mesa, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3931-20.5%

Summary: The Mesa real estate market had 31 homes for sale in September 2024, a 20.5% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 21
-50.0%
2 42
-50.0%
3 1611
-31.3%
4 1716
-5.9%
5+ 01
+100.0%

Summary: The Mesa housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 31.3%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
134-69.2%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mesa, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Mesa in September 2024, down by 69.2% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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

Sep 2023Sep 2024CHANGE
16 Days181 Days+975.2%

Summary: Homes in Mesa had an average of 181 days on market in Sep 2024, up by 975.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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 September 2024, 4 homes were sold in Mesa; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 Sep 1, 2024

Newest Listings in Mesa, CA

Nearby Markets to Mesa, CA