March 2025 Mesa Housing Market Report

Source for monthly Mesa Housing Market Report by Realtors serving Mesa, AZ. Information is power. Facts not fiction from the Arizona Regional Multiple Listing Service (ARMLS).

  Text 602-300-0374

     Return to Main Market Conditions Page   

 Return to 10-City Report 

LISTINGS TO BEGIN MARCH and FEBRUARY RESULTS

(Table may require a swipe left on mobile devices)

Strong Buyer's Market

Buyer's Market

Balanced

Seller's Market

Strong Seller's Market

On a price per-square foot average (see table below):

• At $262 per-square foot in February, prices are are the same as January, up $2 from last February, but down $22 from their peak in May '22
  

• Last month, sellers received an average of -$7,647 less than their asking prices
  

• March 2025 began 1,169 listings, which is 155% of the 3 year average of 756  (from 2022-2024) 
  

• February had 395 sales, or 85% of the 3 year average of 465 (from 2022-2024)
  

• Mesa is currently turning over housing inventory once every 3.0 months
  

• Days on market for sold homes are currently 71
  

• Bank-owned properties and short sales made up only 0.3% of all Mesa sales last month

Mesa Housing Market Report Updated in March 2025

To reduce data errors results are based on:

1. Mesa SOLD single family residences, patio homes, and townhomes (ask us about condos)

2. List/sales price under $1,000,000

3. Size over 1,000 sq ft.

4. Calendar month

Mesa sales data below will increase your understanding the local housing market (we have city data archived back to January 2008).

---

  Table Explanation

(Swipe left for full data) 

---

Month	Total Active	Total Sold	% Sold	MO. INV.	Sq ft	Price	DOM	$$ sq ft	+/- List Price
Mar-25	1,169
Feb-25	1,185	395	33.3%	3.0	1,822	$477,841	71	$262	-$7,647
Jan-25	1,003	334	33.3%	3.0	1,855	$486,297	65	$262	-$8,255
Dec-24	1,090	358	32.8%	3.0	1,912	$497,512	60	$260	-$8,608
Nov-24	1,047	347	33.1%	3.0	1,869	$493,423	54	$264	-$6,961
Oct-24	978	416	42.5%	2.4	1,837	$488,113	57	$266	-$6,214
Sep-24	869	376	43.3%	2.3	1,887	$501,949	56	$266	-$7,855
Aug-24	819	383	46.8%	2.1	1,860	$491,219	48	$264	-$6,621
Jul-24	836	409	48.9%	2.0	1,848	$483,698	47	$262	-$4,061
Jun-24	768	464	60.4%	1.7	1,881	$501,117	50	$266	-$8,336
May-24	728	525	72.1%	1.4	1,884	$500,845	50	$266	-$6,934
Apr-24	717	507	70.7%	1.4	1,807	$479,591	48	$265	-$5,109
Mar-24	705	530	75.2%	1.3	1,910	$499,442	56	$261	-$6,091
Feb-24	751	423	56.3%	1.8	1,870	$485,908	59	$260	-$6,796
Jan-24	707	310	43.8%	2.3	1,833	$477,337	53	$260	-$7,059
Dec-23	725	304	41.9%	2.4	1,890	$479,662	51	$254	-$9,294
Nov-23	714	322	45.1%	2.2	1,822	$471,867	44	$259	-$7,523
Oct-23	559	306	54.7%	1.8	1,942	$502,600	40	$259	-$5,978
Sep-23	495	338	68.3%	1.5	1,861	$483,231	44	$260	-$4,393
Aug-23	421	435	103.3%	1.0	1,893	$485,503	40	$256	-$3,709
Jul-23	453	390	86.1%	1.2	1,903	$493,133	45	$259	-$4,558
Jun-23	498	507	101.8%	1.0	1,968	$489,471	55	$249	-$5,687
May-23	527	577	109.5%	0.9	1,925	$475,440	62	$247	-$5,803
Apr-23	681	519	76.2%	1.3	1,882	$465,446	71	$247
Mar-23	819	640	78.1%	1.3	1,853	$459,689	72	$248
Feb-23	933	477	51.1%	2.0	1,822	$452,606	71	$248
Jan-23	1,066	377	35.4%	2.8	1,830	$451,691	74	$247
Dec-22	1,268	399	31.5%	3.2	1,901	$460,671	61	$242
Nov-22	1,388	352	25.4%	3.9	1,924	$488,675	58	$254
Oct-22	1,333	431	32.3%	3.1	1,882	$483,373	49	$257
Sep-22	1,243	489	39.3%	2.5	1,838	$484,858	43	$264
Aug-22	1,194	452	37.9%	2.6	1,895	$495,997	34	$262
Jul-22	938	451	48.1%	2.1	1,838	$496,322	28	$270
Jun-22	558	623	111.6%	0.9	1,827	$507,458	24	$278
May-22	345	678	196.5%	0.5	1,806	$512,769	21	$284
Apr-22	252	679	269.4%	0.4	1,811	$492,098	22	$272
Mar-22	213	809	379.8%	0.3	1,876	$497,017	24	$265
Feb-22	244	595	243.9%	0.4	1,832	$470,058	26	$257
Jan-22	318	547	172.0%	0.6	1,862	$463,139	30	$249

Table Explanation for Mesa Housing Market Report

NOTE: we use the term “foreclosure” to describe bank owned homes and short sales because most people are familiar with it. “Distressed Properties” may be more accurate.

1. Total Active – # of homes for sale at the beginning of the current month

2. Total Sold – # of homes sold in the current month

3. % Sold – a ratio of total sold to total active

4. MO. INV. – based on total sold, how many months it would take to sell the total “active” inventory

5. Sq ft – average square footage of sold homes

6. Price – average sales price of sold homes

7. DOM – Days On Market, or average days to sale

8. $ sq ft – average price per square foot

9. +/- List Price – the average dollars received by sellers above or below their average list prices

Monthly Mesa Housing Market Report by Realtors serving Mesa, AZ