Mesa, AZ 85215 Real Estate Market Report

ZIP Code: 85215
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of February 2026, the housing market in Mesa, AZ (ZIP: 85215) is characterized by a median sold price of $532,499.5, reflecting a stabilization in market values after previous fluctuations. The neighborhood has decreased 8% since 2022, indicating a trend of softening prices amidst a shifting market landscape. This decrease suggests that buyers may be benefiting from more favorable pricing conditions compared to previous periods, although the overall market remains in a state of adjustment.

The market is currently experiencing elevated inventory levels, with a notable median days on market of 179 days. This extended time frame indicates a slower sales velocity, which may suggest that properties are taking longer to sell as buyers become more selective. Furthermore, the median listing price stands at $526,750, which is closely aligned with the sold price, indicating that seller expectations are relatively in line with market realities. Overall, the market temperature is assessed as neutral, reflecting a balance between buyer and seller dynamics, although the presence of excess supply relative to sales activity may lead to further price adjustments in the near term.

---

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.

---

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.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

---

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 85215 market average around 5.89% to 6.04%, which is notably lower than the 6.85% average seen one year ago.

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

---

Key Findings

1. The median sold price of $532,499.5 indicates a trend of decreasing values in the market since 2022.

2. With a median days on market of 179, properties are experiencing slower sales velocity compared to previous periods.

3. The median listing price of $526,750 suggests that sellers are adjusting expectations to align with market realities, contributing to a balanced market environment.

4. The median market rent is $3,000, which has also shown a down trend year-over-year, reflecting moderating demand in the rental sector.

5. Current mortgage rates range from 5.89% to 6.04%, which is lower than last year's rates, potentially easing some financial pressure on buyers.

---

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.