Mesa, AZ 85206 Real Estate Market Report

ZIP Code: 85206
Report Date: June 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Mesa AZ are 6.53%, which is 0.64% higher than the 5.89% average rate observed for typical loans in this area earlier in 2026.

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

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Key Findings

1. The market value is best represented by the median sold price 409,000, which sits above the median listing price 352,000 and indicates a meaningful seller-ask vs. transaction-price gap that may reflect pricing friction or seller expectation adjustments (pricing gap).

2. The median days on market 284 signals slower sales velocity and, together with a neutral market temperature, suggests a move toward a balanced market with increased buyer negotiating leverage and longer time-to-contract for typical SFR and condo listings.

3. The median price per square foot 220 alongside median market rent 1,573 provides a valuation context where rent growth is soft (rent year-over-year trend is down), which may constrain near-term rental income growth and affect investor underwriting assumptions.

4. Price year-over-year trend is down while interest rate pressure is moderate; Current 30-year fixed mortgage rates in Mesa AZ are 6.53%, which is 0.64% higher than the 5.89% average rate observed for typical loans in this area earlier in 2026, and these factors may continue to exert downward pressure on pricing and buyer purchasing power.

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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.

Mesa, AZ 85206 Real Estate Market Report

ZIP Code: 85206
Report Date: June 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Mesa AZ are 6.53%, which is 0.64% higher than the 5.89% average rate observed for typical loans in this area earlier in 2026.

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

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Key Findings

1. median sold price — $302,000 is the primary market-value signal and indicates the representative recent sale level in the neighborhood; combined with a very long median days on market — 1,295, this suggests slower sales velocity and greater buyer negotiating leverage than a typical rapid-turn market.

2. There is a notable gap between median listing price — $235,000 and median sold price — $302,000, which may indicate pricing friction between seller expectations and closed-transaction values; sellers should expect downward pressure on listing strategies if price trends persist.

3. Market-wide indicators show pricing trending down (price year-over-year trend: down) while the market temperature remains neutral, implying a balanced to slightly cooling environment rather than a strong seller’s market; this supports a cautious seller approach to aggressiveness on asking prices.

4. Interest-rate context and rental signals are softening: interest rate pressure — moderate with current 30-year fixed rates at 6.53% (0.64% higher than a recent 5.89% area average), and median market rent — $1,685 with rent year-over-year trend down; together these factors may constrain investor demand and reinforce slower transaction volume in the near term.

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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.