April 2026
Sales Market
Active Listings: 1,930 (-5.4% YoY)
→ Inventory remains below last year’s levels, continuing the tightening trend and giving buyers fewer options than they had in early 2025.
Median Sold $/SF: $251.79 (-5.3% YoY)
→ Home prices remain under noticeable pressure, with Mesa seeing a larger year-over-year pricing correction than many neighboring submarkets.
Average Days on Market: 48 (No Change YoY)
→ Homes are selling at virtually the same pace as last year, suggesting buyer activity remains stable despite softer pricing.
30-Year Mortgage Rate: 6.35%
→ Mortgage rates improved from March, offering a modest affordability boost as the spring market continues.
Rental Market
Active Listings: 303 (-10.9% YoY)
→ Rental inventory remains meaningfully below last year’s levels, keeping supply tighter for renters.
Median Rented $/SF: $1.39 (-2.8% YoY)
→ Rental pricing remains modestly below last year, though still holding relatively firm given the reduced inventory.
Median Days on Market: 31 (+14.8% YoY)
→ Rentals are taking longer to lease than last year, suggesting renter demand has softened somewhat despite tighter supply.
Key Takeaways
- Sales inventory continues to tighten, reducing buyer options
- Home prices remain under pressure, with a more notable correction than some surrounding markets
- Buyer demand appears stable, with homes selling at the same pace as last year
- Rental inventory remains lower than last year, supporting market balance
- Softer rental pricing and longer leasing times suggest more cautious renter behavior
- Lower mortgage rates may help support continued spring sales activity
Overall
Mesa’s April market reflects a relatively balanced but price-sensitive environment. The sales market is seeing tighter inventory and stable buyer activity, but continued downward pressure on pricing suggests affordability remains a major factor in buyer decision-making. On the rental side, supply remains constrained, though softer rent pricing and longer leasing timelines point to a somewhat more cautious renter pool. Overall, Mesa remains stable, but both buyers and renters appear increasingly price-conscious.