Table of Content
Homes include single family houses as well as apartment and condominium units. November 2022 Mesa AZ Housing Market Trends Report, Statistics and House Value. 2022 November average sold price for single family home in Mesa is $508,132 and has increased about 4.9% from November 2021. Receive email alert as soon as a Mesa property matching your criteria hits the market. Simply type in everything you want in a house and save your search here to be notified.
Compared to only Arizona, Mesa has a cost of living index that's 1.0x higher than Arizona's index of 97. Simply add in the price of the home you are considering and the calculator will return your estimated house payment. Zillow, Inc. holds real estate brokerage licenses in multiple states. Zillow , Inc. holds real estate brokerage licenses in multiple provinces. Fire risk estimates the risk of wildfires, based on the likelihood of burning in the future and the potential size and severity of a fire. Flood risk data is provided by Risk Factor™, a product of the nonprofit First Street Foundation.
Neighborhood Listings
2022 November average sold price for single family homes in Mesa AZ is $508,132. Compare to last year November average sold price at $484,327, the average sold price has increased about 4.9% from a year ago. In October 2022, East Mesa home prices were up 7.1% compared to last year, selling for a median price of $450K.
The average sale price per square foot in East Mesa is $258, up 3.6% since last year. Homes in Mesa receive 2 offers on average and sell in around 47 days. The average sale price of a home in Mesa was $430K last month, up 6.2% since last year. The average sale price per square foot in Mesa is $259, up 3.6% since last year.
Market Snapshot
Importantly, this makes Mesa one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength. The most prevalent building size and type in Mesa are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.94% owning and 38.06% renting. Last updated - September 24, 2019 Kudos to Big Two Toyota of Chandler an Exceptional Car Buying and Customer Service Story So what's a blog about car buying doing on a real estate website? "Exceptional Customer Care!" One of our three core company values at Arizona Network Realty is to provide "Exceptional Customer Care and Service" to our valued clients and customers.
You can also view available properties for any of these communities. NeighborhoodScout reveals the home appreciation rates for every city, town, and even most neighborhoods in America. Relative to Arizona, our data show that Mesa's latest annual appreciation rate is higher than 60% of the other cities and towns in Arizona. All data relating to real estate for sale on this page comes from the Broker Reciprocity of the Multiple Listing Service, Inc. Detailed information about real estate listings held by brokerage firms other than Real Estate include the name of the listing broker.
Price Range
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.
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.
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.
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.
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.
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.
ClimateCheck™ analyzes a property's risk from climate change using the latest modeling and data from climate scientists, universities, and federal agencies. Heat risk estimates how much climate change might increase the typical number of hot days in a year and the likelihood of extreme heat and heatwaves. Housing swings affordability the most between places in Arizona, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations. According to the most recent data on the cost of living, Mesa has an overall cost of living index of 98 which is 1.0x lower than the national index of 100.
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%).
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.
Flood risk in Mesa is increasing faster than the national average. Median home value is the value which has equal numbers of homes valued above and below it. The median home value is more stable than the average home value, which can be greatly affected by a few very high or very low home values.
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