Mesa, AZ Real Estate Market Update – January 2025: What Buyers & Sellers Need to Know

Mesa, AZ Real Estate Market Update – January 2025: What Buyers & Sellers Need to Know

The Mesa, Arizona real estate market saw some major shifts in January 2025, creating both opportunities and challenges for buyers and sellers. With inventory increasing, sales improving, and price trends fluctuating, it's crucial to stay informed. Whether you're considering buying, selling, or investing, here's what you need to know about the latest market trends.

Key Market Highlights for January 2025

• Active Listings Increased by 46.3% – More homes are available on the market, rising from 1,269 in January 2024 to 1,857 in January 2025.

• Sold Listings Rose by 7.2% – More homes changed hands, with sales increasing from 401 last year to 430 this year.

• Months of Supply Grew by 36.5% – The supply of homes increased from 3.16 months to 4.32 months, giving buyers more choices.

• Median Sale Price per Square Foot Dropped by 1.1% – Prices dipped slightly from $263.73 per square foot to $260.77.

• Median Days on Market Rose by 21.3% – Homes are taking longer to sell, increasing from 47 days to 57 days.

What This Means for Home Buyers

If you’re looking to buy a home in Mesa, now may be a great time:

• More Inventory – With active listings up 46.3%, buyers have more options and negotiating power.

• Slightly Lower Prices – The small decline in price per square foot can create potential savings.

• More Time to Decide – With homes staying on the market longer, you have a better chance of securing a great deal.

What This Means for Home Sellers

If you're planning to sell, it's still a strong market, but strategy matters:

• More Competition – With more listings available, it’s essential to price competitively and ensure your home stands out.

• Pricing Adjustments May Be Needed – The small dip in price per square foot suggests buyers are being cautious.

• Longer Selling Times – Be prepared for a slightly longer sales process, so working with an expert real estate agent is key.

Is Now a Good Time to Buy or Sell in Mesa?

With inventory increasing but demand still holding steady, Mesa’s real estate market is shifting toward a more balanced state. While sellers need to be strategic, buyers can take advantage of improved conditions. Whether you're entering the market or making a move, having a knowledgeable realtor by your side can make all the difference.

Thinking about buying or selling in Mesa? Contact me today for expert guidance and a personalized strategy to navigate the 2025 real estate market with confidence. 🚀🏡