Mesa Condos

Mesa Condos Market Highlights

As of Nov 11, 2025, the condos/townhomes/patio homes market in Mesa is experiencing interesting shifts that highlight changing dynamics.

• Current active listings have risen to 367, a noticeable increase from 307 just three months ago.
• The average sold price currently stands at $293,433, reflecting a stabilization as prices adjust.
• Days on market (DOM) for active listings is at 83, indicating that properties are taking longer to sell compared to last month.
• Months of inventory is at 5.2, which suggests that it remains a balanced market, though slightly leaning towards a buyer's advantage.

An In-Depth Look at the Mesa Condos Market

The condos/townhomes/patio homes market in Mesa, as of Nov 11, 2025, showcases various trends revealing both buyer and seller dynamics. Notably, the number of active listings has increased significantly, from 307 three months ago to the current 367. This rise in inventory aligns with a modestly balanced market, reflected by the 5.2 months of inventory, which is an increase that typically signifies a shift in market power toward buyers.

In terms of pricing, the average sold price is currently at $293,433, which shows a small drop from $295,438 three months ago. This downward adjustment in price occurs as properties are taking longer to sell, with DOM now averaging 83 days, maintaining the same timeframe as three months ago. The DOM represents a slower movement rate of homes, which may influence seller strategies in maintaining competitive pricing.

Examining the average price per square foot, it remains at $254 for sold properties, displaying a mix of stability and slight pricing pressure. In contrast, the active listings have a price per square foot of $265, suggesting that sellers remain optimistic about their valuation even as the sold prices adjust.

Historically, the market conditions also reflect variances; six months ago, the average sold price was inflated at $307,600, prompting a recalibration as we observe a cooling trend, aligning seller expectations with buyer realities. The sold price-to-original list price ratio at 94% also indicates that homes are being sold just below their asking price, emphasizing a more negotiated approach by buyers in the current landscape.

With these metrics in play, sellers may need to reassess their asking prices to align with market sentiments, while buyers may find opportunities to negotiate effectively despite the increase in active listings. The evolving landscape of the Mesa market highlights the need for strategic planning whether one is buying or selling in this environment.