Mesa, AZ 85213 Real Estate Market Report

ZIP Code: 85213
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Mesa, AZ (ZIP: 85213) market is currently characterized by a median sold price of $579,475, reflecting a downward trend in property values, as the market has decreased 8% since 2022. This decline indicates a shift towards a more buyer-friendly environment, where negotiation power has increased due to lengthening selling times and elevated inventory levels. The median days on market stands at 168, suggesting slower sales velocity and a potential adjustment period for sellers to align with current market realities.

Despite the broader Mesa area showing some monthly price firmness, the local market is experiencing elevated inventory relative to sales activity, which may indicate a cooling trend. The median listing price of $604,950 presents a notable gap compared to the sold price, suggesting that sellers may need to recalibrate their expectations to facilitate transactions. Overall, the market temperature is classified as neutral, reflecting a balance between supply and demand, yet with signs of softening that warrant caution for prospective buyers and sellers alike.

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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 around 5.88% are notably lower than the 6.87% average seen one year ago, presenting a favorable market comparison for refinancing.

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 median sold price is $579,475, indicating a significant 8% decrease since 2022, reflecting a softening market.

2. With a median days on market of 168, properties are experiencing slower sales velocity, suggesting potential pricing friction.

3. The median listing price of $604,950 shows a notable gap compared to the sold price, indicating that sellers may need to adjust expectations to attract buyers.

4. The market temperature is classified as neutral, suggesting a balanced environment but with signs of elevated inventory relative to sales activity.

5. Median market rent is at $2,716, which may influence buyer sentiment as rental prices also reflect a downward trend.

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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.