Mesa, AZ 85213 Real Estate Market Report

ZIP Code: 85213
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 6.35%, reflecting the broader market trend for property owners in this area throughout early 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. 566,450 is the median sold price and should be treated as the primary indicator of market value and recent transaction activity in ZIP 85213; this figure represents the most reliable snapshot of what buyers have recently paid. representative recent sale

2. There is a meaningful spread between the median listing price of 597,000 and the median sold price of 566,450, which may indicate pricing friction where seller expectations exceed transaction prices and could lead to longer negotiation cycles. flat-to-cautious pricing

3. The median days on market is 246, signaling notably slower sales velocity and suggesting liquidity is muted even though sampled supply appears relatively constrained; this longer market time may require sellers to price more competitively or offer concessions. slower sales velocity

4. Market context is broadly neutral: the market temperature is reported as neutral and the price year-over-year trend and rent year-over-year trend are both flat, but elevated borrowing costs (current 30-year fixed rates averaging 6.35% and an explicit note of elevated interest rate pressure) create headwinds that may cap upside and keep buyer urgency modest. 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 85213 Real Estate Market Report

ZIP Code: 85213
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 6.35%, reflecting the broader market trend for property owners in this area throughout early 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 primary market-value signal is the median sold price of $262,750, which represents the most direct evidence of recent transaction levels and should be the focal metric for pricing decisions.

2. Compared with asking behavior, the median listing price of $262,450 is nearly aligned with the median sold price, suggesting limited systemic price gaps between seller expectations and executed transactions; sellers should therefore price within comparable solds to avoid extended exposure. flat

3. Liquidity is slow: the median days on market of 379 indicates protracted exposure and suggests slower sales velocity—listings may require targeted staging, pricing clarity, or concessions to accelerate offers in the current environment. down

4. Market context supports a neutral balance: the median price per square foot of $232 and a neutral market temperature point to a relatively stable pricing environment while interest rate pressure remains a headwind (elevated), and rent trends are flat, so owners and investors should factor borrowing costs (current 30‑year fixed ~6.35%) into deal underwriting.

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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.