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There were 4246 properties sold in Mesa, AZ, which spent an average of 60 days on the market. Some of the hottest neighborhoods near Mesa, AZ are Dobson Ranch, Las Sendas, The Groves, Superstition Springs, University Manor. You may also be interested in single family homes and condo/townhomes that sold in popular zip codes like 85207, 85205, or neighboring cities, such as Phoenix, Gilbert, Scottsdale, Chandler, Glendale. With a population of 504,258, 186,503 total housing units , and a median house value of $405,603, Mesa real estate prices are well above average cost compared to national prices. Neighborhood appreciation rate data are based on transactions involving conforming, conventional mortgages. Only mortgage transactions on single-family properties are included.
Bureau of the Census, and a weighted repeat sales index, meaning that they measure average price changes in repeat sales or refinancings on the same properties. This information is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac . Then proprietary algorithms developed by Dr. Schiller, NeighborhoodScout's founder, are applied to produce neighborhood appreciation rates. Appreciation rates are updated by NeighborhoodScout each quarter as additional mortgages are purchased or securitized by Fannie Mae and Freddie Mac.
Mesa, AZ Rental Market
The average sold price per square feet for November 2022 in Mesa is $260.00 per square feet, compare to $252.00 a year ago. Based on November 2022 closed sale statistic, we saw 312 single family homes sold in Mesa. Compare to 646 in November 2021, the number of single family home sold has decreased about 51.7% from a year ago. In Q3, the median home sale price in Mesa was $450K, an increase of 9% year-over-year.
As a reminder, you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying. Blended statistics will not be as accurate as a more detailed report we can provide to help you with your decision making. Find out by comparing median home prices in Mesa over the past three years with our interactive graph, or get a weekly glance with the table view. View Mesa median home price data from the past 6 months, 1 year, or 3 years by using the toggle buttons in the top-right corner of the graph. Storm risk estimates how much climate change increases the chances of extreme precipitation, when a lot of rain or snow falls in a short time, including thunderstorms, snowstorms, and tropical cyclones.
Detailed Mesa Transportation Costs Vs. Arizona
On average, homes in East Mesa sell after 40 days on the market compared to 25 days last year. There were 1,229 homes sold in October this year, down from 1,806 last year. In October 2022, Mesa home prices were up 7.0% compared to last year, selling for a median price of $448K.
Conventional means that the mortgages are neither insured nor guaranteed by the FHA, VA, or other federal government entity. Mortgages on properties financed by government-insured loans, such as FHA or VA mortgages, are excluded, as are properties with mortgages whose principal amount exceeds the conforming loan limit. Mortgage transactions on condominiums or multi-unit properties are also excluded. As such, NeighborhoodScout does not produce appreciation rates for neighborhoods that consist solely of renters or have no single-family homes . Homes in East Mesa receive 2 offers on average and sell in around 45 days. The average sale price of a home in East Mesa was $436K last month, up 5.1% since last year.
Median list price
Our data are calculated and updated every three months for each neighborhood, city and town, approximately two months after the end of the previous quarter. Each quarter, Fannie Mae and Freddie Mac provide their most recent mortgage transactions to the FHFA. These data are combined with the data of the previous 29 years to establish price differentials on properties where more than one mortgage transaction has occurred. These resultant neighborhood appreciation rates are a broad measure of the movement of single-family house prices. The appreciation rates serve as an accurate indicator of house price trends at the neighborhood level. Neighborhood appreciation rates from NeighborhoodScout are based on both median house value data reported by respondents via the U.S.
Swee Ng, Realtor and Phoenix East Valley resident specializing in win-win real estate transaction through great communication and fighting for his clients’ best interest. After all, this is more than real estates, this is about your life and your dreams. Click on the risks below to learn which exist in East Mesa today and how they’ll change by 2050. PropertyShark.com provides commercial market trend information on an "as is" basis for the user's personal use. Data comes from publicly available sources which can be out of date. PropertyShark.com provides no warranties regarding title, merchantability, or fitness for a particular purpose.
The average homes sell for about 4% below list price and go pending in around 44 days. The average homes sell for about 3% below list price and go pending in around 50 days. The average homes sell for about 2% below list price and go pending in around 47 days. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Flood risk in East Mesa is increasing slower than the national average. Housing market information is provided by Altos Research, Inc. based on analysis of all active market properties for sale in the US in the preceding week. All analytics are copyright Altos Research and not affiliated with any MLS.
Based on statistics on both of median sold price and average sold price statistics, buyers are paying more for a single family homes in Mesa AZ compare to a year ago. The average homes sell for about 2% below list price and go pending in around 40 days. The average homes sell for about 2% below list price and go pending in around 46 days. The average homes sell for about 2% below list price and go pending in around 45 days.
The latest migration analysis is based on a sample of about two million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a three month period. Can sell for about 1% below list price and go pending in around 27 days. The percentage of housing units in the city that are occupied by the property owner versus occupied by a tenant .
On average, homes in Mesa sell after 45 days on the market compared to 26 days last year. There were 474 homes sold in October this year, down from 711 last year. Single-family detached homes are the single most common housing type in Mesa, accounting for 54.76% of the city's housing units. Other types of housing that are prevalent in Mesa include large apartment complexes or high rise apartments ( 19.54%), mobile homes or trailers ( 13.60%), and a few row houses and other attached homes ( 5.85%).
The new mortgage acquisitions are used to identify repeat transactions for the most recent quarter, then are fed into NeighborhoodScout's search algorithms. Our data are designed to capture changes in the value of single-family homes at the city, town and even the neighborhood level. Different neighborhoods within a city or town can have drastically different home appreciation rates. Our data are built upon median house values in each neighborhood, and combine data from the United States Bureau of the Census with quarterly house resale data. The data reflect appreciation rates for the neighborhood overall, not necessarily each individual house in the neighborhood. Appreciation rates are so strong in Mesa that despite a nationwide downturn in the housing market, Mesa real estate has continued to appreciate in value faster than most communities.
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