Mesa Real Estate Market Trends
Market Overview for Quarter 3, 2024
Median Sale Price
-7% YoY
Median Price/Sqft
0.4% YoY
No. of Transactions
-13.9% YoY
County Median Sale Price
-3.2% YoY
The median home sale price in Mesa was trending down in Q3, coming in at $435K for a year-over-year change of -7%. Sales were similarly down, with 1105 transactions in Q3 representing a Y-o-Y change of -13.9%. The median price per square foot in Q3 was $267, a change of 0.4% Y-o-Y. Meanwhile, the median home sale price for Maricopa County was $460K.
Sales information for last quarter cannot be displayed due to insufficient recorded transactions. The available data does not meet the minimum threshold required for reliable and accurate data representation.
Top Cities in Maricopa County
Ranking | City | Median Sale Price |
---|---|---|
1 | Paradise Valley | $3,060,000 |
2 | Rio Verde | $977,500 |
3 | Scottsdale | $860,000 |
4 | Cave Creek | $817,500 |
5 | Fountain Hills | $662,500 |
6 | New River | $607,500 |
7 | Gilbert | $580,000 |
8 | Waddell | $569,250 |
9 | Litchfield Park | $520,000 |
10 | Chandler | $515,000 |
11 | Peoria | $500,000 |
12 | Tempe | $491,180 |
13 | Goodyear | $475,000 |
14 | Wickenburg | $452,500 |
15 | Mesa | $435,000 |
16 | Surprise | $425,000 |
17 | Glendale | $415,000 |
18 | Phoenix | $407,250 |
19 | Avondale | $405,000 |
20 | Buckeye | $399,350 |
21 | Tolleson | $395,000 |
22 | Sun City West | $370,000 |
23 | El Mirage | $352,000 |
24 | Sun City | $275,000 |
Residential Property Types Sold in Mesa
Property Type | Median Sale Price | Y-o-Y Change | Median Sale Price/Sq. Ft | Y-o-Y Change | Transactions |
---|---|---|---|---|---|
Condo | $295K | 2.3% | $261 | 1.6% | 139 |
House | $455K | -8.1% | $269 | 0.7% | 966 |
The median sale price for houses in Mesa in Q3 was $455K, up -8.1% year-over-year. While the median for houses was trending down, Mesa condo prices remained stable year-over-year at $295K.
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