Mesa Land

Mesa Land Market Highlights

As of Jul 10, 2025, the land market in Mesa demonstrates notable shifts in inventory and pricing trends.

• Currently, the number of active listings has risen to 49, reflecting a growth compared to previous months.
• The average price per square foot for active listings is consistent at $19, while the average days on market have extended to 148 days.
• Buyers may find opportunities as months of inventory have reached 14.4, indicating a slower turnover of properties in this market.

An In-Depth Look at the Mesa Land Market

The land market in Mesa, as of Jul 10, 2025, is revealing a dynamic landscape with implications for both buyers and sellers.

• The total number of active listings has increased significantly to 49, a rise from only 34 three months ago and 19 twelve months ago. This upward trend in inventory hints at a growing interest in land purchases, providing buyers with a wider selection.
• The average price per square foot for these active listings is stable at $19, consistent with the past six months. In comparison, the 3-month historical average price reflected higher figures, suggesting that recent listing prices are competitive yet in line with buyer expectations.
• An important metric indicating a slower market is the increase in average days on market (DOM), which currently stands at 148 days. This is significantly longer than the 92 days recorded three months ago, pointing towards a cooling trend where properties may take more time to sell.
• Furthermore, the months of inventory have reached 14.4, suggesting that the market is favoring buyers with a balanced number of listings relative to current sales activity. This aligns with the fact that no sold properties have been recorded recently, showing potential buyers the chance to negotiate more favorable terms.
• Considering these factors, potential sellers may need to strategize accordingly, possibly adjusting pricing to attract buyers in a more competitive market. With the average sold price still unknown, it's vital for sellers to monitor market dynamics closely. Analyzing comparable active listings will also be crucial in determining optimal pricing strategies.
• Overall, as the Mesa land market evolves with increasing inventory and extended sale periods, market participants will benefit from being attuned to shifting trends and strategic opportunities.