Mesa, AZ 85213 Real Estate Market Report

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

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Executive Overview

The median sold price in Mesa, AZ (ZIP 85213) is $581,000, reflecting a market that has decreased 8% since 2022. This decline indicates a shift towards a more balanced market, where buyers may have increased negotiating power due to elevated inventory levels. The current median listing price stands at $624,900, suggesting a notable gap between seller expectations and actual market transactions, which may contribute to slower sales activity.

The market is characterized by a median days on market of 216 days, indicating a slower sales velocity. This extended time frame for properties to sell further supports the notion of a more buyer-friendly environment. Overall, the market temperature is currently neutral, with moderate transaction volume and excess supply relative to sales activity, suggesting that buyers have more options and leverage in negotiations.

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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 the Mesa AZ 85213 market at 6.38% are slightly lower than the recent 2026 average of 6.43%, indicating a marginal cost opportunity for new financing.

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 of $581,000 indicates a market that has decreased by 8% since 2022.

2. With a median days on market of 216, properties are experiencing slower sales velocity, suggesting potential pricing friction for sellers.

3. The median listing price of $624,900 reflects a significant gap from the sold price, indicating pricing challenges for sellers in the current market.

4. Elevated inventory levels suggest excess supply relative to sales activity, providing buyers with more negotiating power.

5. The median market rent of $2,716 remains stable, indicating a flat rental market, which may appeal to investors looking for steady cash flow.

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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.