Mesa Condos

Mesa Condos Market Highlights

As of Jul 10, 2025, the condos/townhomes/patio homes market in Mesa is observing notable shifts as trends emerge.

• The total number of active listings has increased to 404, reflecting a robust supply.
• Currently, the average days on market (DOM) stands at 85, which suggests properties are remaining unsold for extended periods.
• The sold prices average $330,220, indicating relatively strong buyer interest despite longer timelines.
• Months of inventory sit at 4.2, a figure that hints at a reasonably balanced market.

An In-Depth Look at the Mesa Condos Market

In the condos/townhomes/patio homes sector of Mesa, several important trends merit attention.

• The number of active listings has risen significantly from 351 three months ago, which is up 15% from the 6-month figure of 240. This rise from previous levels increases the choices available for buyers, pulling the inventory to 404 active listings today.
• The average DOM for active listings has increased to 85 days, up from just 61 days three months ago. This suggests that properties are taking more time to sell, which could either indicate a cooling demand or a pricing mismatch.
• Currently, the average sold price for properties in the Mesa area stands at $330,220, which is a notable increase compared to the $316,041 three months ago and higher than the $310,427 from six months ago. Despite the slowed pace, sellers have maintained higher pricing, contributing to a competitive environment.
• Furthermore, the months of inventory at 4.2 indicate a balanced market, as this level typically suggests neither a seller's nor a buyer's advantage. Essentially, it would take a little over four months to sell all active listings at the current pace.
• Comparatively, pending listings average $299,641, which reveals a slight expectation of price adjustments as they are lower than active listings. This could indicate that buyers are negotiating lower offers as they see extended periods without sales.
• The trend of sold prices indicating a solid buyer interest, despite slower market times, signals that many are willing to invest despite longer waits. Buyers and sellers should recognize this evolving landscape as it may translate into strategic opportunities in listings or negotiations moving forward.

Overall, staying aware of these metrics will be crucial for making informed decisions in this changing market climate.