Mesa, Arizona started 2024 with a total of 647 single-family homes on the market, with a median home price of $519,000 and an average price per square foot of $286.68. By the end of the year, inventory had increased to 950 homes on the market (+47%), with a median home price of $515,000 (-1%), and an average price per square foot of $281 (-2%).
At the start of 2024, the median days on market (DOM) was 56 days – by the end of the year, median DOM had decreased to 56 days.
Mesa, Arizona started the year with 47.60% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 54.42% of homes for sale had taken a price cut.
