Mesa, AZ 85209 Real Estate Market Report

ZIP Code: 85209
Report Date: May 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

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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 averaging 6.75%, which reflects the prevailing market environment for property owners in this area during May 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 449,900 is the primary indicator of market value and recent transactions in ZIP 85209; this level suggests recent closings are modestly above asking medians, pointing to some pricing friction between seller expectations and finalized sales representative recent sale.

2. Despite a lower asking baseline, with median listing price 435,000, observed transaction activity shows slower velocity as reflected in a median days on market 214, which may indicate extended negotiation windows and increased buyer leverage downward pressure on price momentum.

3. Market fundamentals show a mixed signal: price year-over-year trend is down while market temperature is neutral, implying stabilization after recent cooling and a balanced interaction between buyers and sellers rather than a one-sided market balanced conditions.

4. Leverage and cost-of-carry are meaningful local constraints: interest rate pressure is elevated and current 30-year fixed mortgage rates are averaging 6.75%, while rent trends are down and median market rent is 1,795; together these factors may suppress investor demand and slow turnover elevated interest rate pressure.

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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 85209 Real Estate Market Report

ZIP Code: 85209
Report Date: May 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

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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 averaging 6.75%, which reflects the prevailing market environment for property owners in this area during May 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 neighborhood's primary market indicator — median sold price — is 315,000, which anchors recent transaction value and suggests asking prices are close to realized sales given the median listing price of 317,450; balanced pricing between list and sale appears to be in effect.

2. Liquidity appears muted: the median days on market is 408, which may indicate slower sales velocity and more time for buyer negotiation; combined with a relatively constrained active supply in the analyzed sample, this suggests stabilized but slow turnover.

3. Pricing productivity is modest: the median price per square foot is 248 and the median market rent is 1,695, which together point to market-level pricing that may limit aggressive investor arbitrage in the short term; flat-to-soft pricing pressure is consistent with these metrics.

4. Macro and financing conditions are a headwind: interest rate pressure is reported as elevated and 30-year fixed mortgage rates are averaging 6.75%, which may continue to suppress buyer urgency and support a neutral market temperature rather than rapid appreciation.

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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.