Housing Market Update, Mesa 85204, $250,000 - $300,000

By
Real Estate Agent with Value Added Service, 602-620-2699 SA5376460000

This Housing Market Update for Mesa, 85204, priced from $250,000 - $300,000 is produced by subscription to the Cromford Report.  This area is seeing rising prices, quick sales, and a LOT of homes under contract.

 

Mesa is the second largest city in the Phoenix Metro Area with a population of almost 500,000.  Industry in Mesa includes aerospace, cyber security, data centers and semi-conductors, with a great workforce population.  

 

Mesa has a bustling housing market as these charts will show.  Inventory is higher than in the last 4 years, but in reality there are only 16 homes for sale priced between $250,000 and $300,000 in 85204. 

In all of Greater Phoenix, there are 1523 homes in this price range. 

 

Active Lisings, Mesa, 85204 $250,000 - $300,000

The Average Days on Market for Closing Sales is currently 42 days in Mesa, 85204 for homes priced from $250,000 to $300,000.  The average for all of the Greater Phoenix area in the same price range is 58 days.  This price range sells fairly quickly, but even faster in Mesa.

 

Avg Cum Days on Market Mesa, 85204 $250,000 - $300,000

Listings under contract have spiked in this zip code, showing 26 homes under contract in this price range, higher than the housing market during the past 8 years.  But the number of pending sales shows a very healthy housing market. 

 

Listings Under Contract Mesa, 85204

Sales have skyrocketed in this price range as rising prices and low inventory, coupled with low interest rates, has put upward pressure on prices and sales. 

Home Sales in Mesa, 85204 $250,000 - $300,000

 

To understand the housing market in 85204, this chart shows the rise in Median Price Range.  Currently, the Monthly Median Price Range is $236,000.  At the peak of the housing boom, the median price in 85204 was $225,000.  This zip code reflects the same type of growth that we're seeing throughout Maricopa County.  

 

Monthly Median Sales Price in Mesa, 85204

In summary, if you're looking to buy and sell in this price range, get pre-approved and contact me because this price range requires buyers to be ready to buy! 

 

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Comments (29)

Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Jan Green Mesa, AZ has some very affordable homes....I'm surprised that the population is so large.... thanks for the info.

Aug 15, 2019 03:07 AM
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Thank you for commenting Barbara Todaro . yes, we do have affordable homes and this zip code is VERY convenient to freeways and the rest of the valley!  Have a great day!

Aug 15, 2019 07:25 AM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

This is valuable real estate market data for home buyers and sellers in and around Mesa, Jan.

Aug 17, 2019 01:32 AM
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Thank you Myrl Jeffcoat !  Might be interesting for locals to know this price range still exists! Have a wonderful weekend!

Aug 17, 2019 08:30 AM
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Hi Jan, great illustration with visuals for real estate market in Mesa 85204. I loved the monthly median sales price chart - history from 2001 till today.

Sep 29, 2019 03:29 PM
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Thank you @Steffy!  Helping homeowners understand what's happening in the real estate market helps them make better decisions!  Have a great day!

Sep 30, 2019 08:13 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Hi Jan! It has been a while since I heard from you or seen you on ActiveRain. I hope and pray all is well and that you are just busy. You are not forgotten and I am wishing you the best.

Patricia

Nov 12, 2019 07:09 PM
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Patricia Feager, MBA, CRS, GRI,MRP  you are such a doll.  I've been very busy. In fact it's 8:30 and I'm still at my desk setting up searches.  Wearing 4 hats in real estate keeps me very busy.  I'll write a post very soon.  Thank you so much for checking in.  Happy Fall!

Nov 12, 2019 07:34 PM
Patricia Feager, MBA, CRS, GRI,MRP

Jan Green - I am happy to know you're busy! Good for you!!! Taking care of business, family, and our own health takes precedence over everything else. Take care and best wishes for continued business and most of all blessings. 

Nov 12, 2019 08:21 PM
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Hi Jan, hope all is well in your world and that you're loving this festive time of the year. Thanks for dropping by our blog - it's always great to see YOU.  D

Dec 20, 2019 10:56 AM
Jan Green

Thank you Debb!  Likewise, great catching up on blogs!  Love seeing familiar AR peeps!

Dec 20, 2019 11:23 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I was looking for your current posts. I hope you are enjoying a very productive year.

Happy Holidays!

Dec 21, 2019 01:29 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jan, I thought you had been MIA for a while.    Hope you and your family enjoy a very Merry Christmas.

Dec 22, 2019 07:21 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Jan Green - I would imagine even now in December this house price is in short supply.

Dec 22, 2019 11:11 AM
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Yes these are in short supply Grant Schneider !  In fact this potential listing will receive multiple offers so instead of the craziness I'm working with one buyer and the sellers can then work around all of that on their purchase.  Thank you for commenting!

Dec 22, 2019 11:43 AM
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Yes Joan Cox , I've been MIA as I added yet another plate to the stack!  I"m now part of a Public Benefi8t Corporation (B Corp) and we meet weekly.  Long story, but all good.  Merry Christmas!

Dec 22, 2019 11:44 AM
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Yes Roy Kelley I've been a bit MIA!  As I explained to Joan above, I've added yet another element to my business.  Besides selling real estate full time, I'm also a Director, Instructor, Volunteer and now a part of a B Corp (Public Benefit Corporation.)  It's been a bit nutty.  I watch you all and see your posts from afar though.  Have a wonderful Christmas and Happy New Year!

Dec 22, 2019 11:46 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Jan Green - I saw you comment on Michael Jacobs post. I was glad to see you and I hope you'll be back to blogging again. You ARE missed! I hope you had pleasant holidays and that your New Year will be absolutely the best!

Dec 30, 2019 04:16 PM
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Patricia Feager, MBA, CRS, GRI,MRP  you are such a doll!  I did have a good holiday, thank you.  Flew to Alabama and arrived home last night at 1 am!

Hope you did too! 

I have a draft written but have been sick for the last 10 days, flying during Christmas isn't fun.  Anyway, I'll get to it very soon.  Appreciate you commenting and enjoy your friendship.  I can never leave you guys! 

Dec 30, 2019 09:02 PM
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