Mesa, AZ Housing Market Report

The Mesa housing market is currently experiencing a notable shift toward buyer-friendly conditions as we conclude 2025. With active inventory rising by 9.29% year-over-year to 21,137 listings, buyers have significantly more options than they did twelve months ago. This increase in supply, coupled with a median days on market of 70 days—an eight-day increase from last year—indicates that the frantic pace of previous years has cooled. Sellers are finding they must be more patient and flexible, as evidenced by a sale-to-list ratio of 0.99, suggesting that most properties are selling slightly below their initial asking prices.

Price trends in Mesa have shown a period of stabilization following a year-over-year decline of 3.34%. While the median home value of $427,831 is lower than it was in late 2024, the last six months of data reveal a flattening curve. After a steady decline from July through November, December saw a marginal uptick in value. This suggests the market may be finding a floor as the Phoenix-Mesa-Chandler metro area balances higher inventory levels against sustained demand for the region's relatively affordable suburban lifestyle.

The outlook for the Mesa market suggests a period of equilibrium. For buyers, the combination of lower prices compared to last year and a slower market pace provides a strategic window to negotiate repairs or closing cost credits. For sellers, the key to success in 2026 will be realistic pricing and high-quality presentation, as the increase in inventory means homes must stand out to attract a narrowing pool of qualified buyers. Rental markets remain relatively flat, with a negligible 0.52% decrease in median rent, indicating that the demand for housing in the East Valley remains structurally sound despite the cooling sales market.