Mesa, AZ 85202 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood’s primary market indicator is the $423,000 median sold price, which represents the best measure of realized market value; use sold price for valuation when reconciling seller expectations with transaction evidence.
2. There is a notable gap between the $390,000 median listing price and the $423,000 median sold price; this discrepancy may indicate pricing friction or shifts between asking strategies and closed transactions, so underwriters and pricing agents should validate comps carefully against recent closed sales. pricing gap requires verification.
3. Market liquidity appears slow based on the 551 median days on market, which suggests extended marketing periods and slower transaction velocity; sellers and listing brokers should plan for longer timeframes and consider staged pricing or targeted marketing to shorten exposure. slower sales velocity.
4. Unit-level pricing context is set by a $266 median price per square foot and a $1,299 median market rent, which provide current rate and rent benchmarks for valuation and hold/flip planning; financing conditions also matter—Current 30-year fixed mortgage rates in Mesa, AZ are 6.78%, which is 0.6% higher than the 6.18% average observed in early 2026—so expect higher carrying costs relative to early 2026. higher interest rate pressure.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.