Mesa Multifamily

Mesa Multifamily Market Highlights

As of Jul 18, 2025, the multifamily market in Mesa is currently exhibiting notable shifts in key real estate metrics.

• Active listings have increased to 28, a rise from just 17 three months ago, indicating a growing inventory.
• The average price per square foot for active listings has decreased to $248.
• Currently, days on market (DOM) are at 94, which signals a longer selling period compared to previous months.
• The months of inventory has climbed to 6.4, up from 3.5 three months ago, showing that the market is becoming a bit more balanced.

An In-Depth Look at the Mesa Multifamily Market

The multifamily market in Mesa, as of Jul 18, 2025, reflects complex dynamics impacted by shifting demand and availability.
The total number of active listings has grown to 28, notably higher than the 17 reported three months ago and 9 six months ago. This increase in inventory suggests that buyers now have more options, which can contribute to negotiations favoring them in the current environment.
Interestingly, the average price per square foot for these active listings is at $248, down from $272 three months ago. This decline might indicate that sellers are adjusting their prices to attract potential buyers amidst a rising inventory.
Moreover, with the average DOM now sitting at 94 days, up from 72 days three months ago, properties are taking longer to sell. This rise in DOM points towards a cooling market, where buyers may be taking more time to make purchasing decisions, partially due to increased competition and choice.
Further, the months of inventory currently stands at 6.4, reflecting an increase from 3.5 three months prior. This level indicates that, while the market has sufficient inventory to meet demand, we are approaching a more balanced state between buyers and sellers, slightly favoring the former due to the surplus of options.
In contrast, the 3-month average sold data showed 8 listings with an average sold price of $615,000, indicating a healthy price point albeit lower than historical figures. Factors like these may suggest a more cautious buyer sentiment, as they leverage the higher inventory to negotiate prices.
In conclusion, Mesa's multifamily market is currently exhibiting a shift towards increased inventory and longer selling periods, characteristics often associated with a more balanced market. As we continue to monitor these trends, both buyers and sellers will need to adapt their strategies accordingly, especially in light of the evolving economic landscape impacting real estate.