Mesa Multifamily Market Overview
Mesa Multifamily Market Highlights
As of May 5, 2025, the multifamily market in Mesa exhibits a mix of stability and subtle shifts.
- Over the past month, active listings have increased to 26, which is higher than the 21 listings recorded three months ago.
- The average price per square foot for active listings stands at $317, indicating a rise in property values when comparing to recent months.
- The number of days on market has decreased from 113 days three months ago to 89 days, suggesting a faster turnover in the recent market environment.
Curious how the Mesa Multifamily market has changed over time?
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Mesa Multifamily Market Report
An In-Depth Look at the Mesa Multifamily Market
The multifamily sector in Mesa, as of May 5, 2025, shows a nuanced market landscape shaped by increasing buyer demand and shifting pricing dynamics. Current data reveals that the number of active listings has risen to 26 over the past month, representing a 24% increase since three months ago, when there were only 21 listings. This uptick has contributed to a slight easing of inventory pressure, with months of inventory reducing from 6.3 months to 3.4 months during the same timeframe, indicating a more balanced market favoring buyers to some extent.
The average sold price currently hovers around $615,000, slightly lower than the $720,786 noted three months prior. This decline of approximately 15% may reflect sellers adjusting their expectations in response to increased competition from active listings. With average days on market (DOM) decreasing from 113 days to 89 days, homes are selling faster, suggesting a brisker pace of transactions despite a more significant fluctuation in price.
Furthermore, the average price per square foot has climbed to $317, significantly up from $296 three months ago. This hints at a gradual appreciation in market value, even as overall sold prices have revisited lower territories. As buyers continue to navigate through the market, they may find that the combination of active listings, along with improved pricing prospects, offers opportunities for better deals. It’s essential for both buyers and sellers to remain informed about these ongoing trends to make strategic decisions in this evolving multifamily landscape.
Brian Adamski, Realtor
Proven Results in Mesa | Friendly. Sharp. Proven.
480-405-1265
