Mesa wrapped up 2025 in cool-down mode. Inventory is slightly higher, pricing has softened across both sales and rentals, and days on market confirm that buyers and renters are taking their time. This is no longer a momentum-driven market—it’s a precision market.
📉 Sales Market Snapshot
- Active Listings: 1,637 homes (+2.4% YoY)
- Median Sold $/SF: $254.23 (–3.9% YoY)
- Average Days on Market: 57 days (+19.8% YoY)
- 30-Year Mortgage Rate: ~6.10%
Sales activity continues to slow as affordability pressures linger. Even with only a modest increase in inventory, longer days on market show that buyers are cautious and highly price-sensitive. Homes that miss the mark on condition or pricing are sitting.
🏘️ Rental Market Snapshot
- Active Rental Listings: 400 units (+8.1% YoY)
- Median Rented $/SF: $1.32 (–5.7% YoY)
- Median Days on Market: 38 days (unchanged)
Rent growth has clearly reversed in Mesa. More competition among landlords is giving renters leverage, but steady days on market suggest demand hasn’t disappeared—it’s just selective. Rentals that are clean, updated, and priced correctly are still leasing.