Published August 9, 2025

Mesa & Greater Phoenix Real Estate Market Update – August 2025

Written by Casey Jann

Mesa & Greater Phoenix Real Estate Market Update – August 2025

The Mesa real estate market — and the broader Greater Phoenix area — is holding steady this summer, offering opportunities for both buyers and sellers. With balanced conditions, homes are still selling close to list price and inventory levels are moderate. Here’s what’s happening now in Arizona real estate across Mesa, Phoenix, Chandler, Gilbert, and Tempe.

Market Overview

Average days on market: 91
Months of supply: 4 — a balanced market, not heavily favoring buyers or sellers
Pending ratio: 16% — steady activity compared to active listings

Homes are selling close to their final asking price, showing minimal negotiation room — especially in well-priced segments.

Pricing Trends in Greater Phoenix

Average active list price: $700,748
Average pending list price: $666,844
Average sold price (last 6 months): $602,165
Sellers are getting: 98% of final list price on average

Segment Highlights

Entry-Level ($0–$500k)

Fastest-moving segment — average 72 days on market
Healthy pending ratio
Selling at 95.2% of list price
Great for first-time buyers and investors

Mid-Range ($500k–$1M)

Solid activity — average 71 days on market
Selling at 96% of list price
Competitive, especially in desirable neighborhoods

Luxury ($1M+)

Longer average market time — 81 days
More negotiation room, but still strong sales volume

What This Means for Buyers

Entry and mid-range homes are moving quickly — be pre-approved before you shop
Well-priced homes in good condition can still spark competition
Explore areas like Mesa, Chandler, Gilbert, and Tempe for a wider range of homes for sale

What This Means for Sellers

Pricing right is key — homes under $1M are closing near asking price
Staging and professional photography can help you stand out
The market is balanced, but not slow — be ready to move once offers come in

Bottom Line

The Greater Phoenix and Mesa real estate markets remain healthy and balanced in 2025. Whether you’re buying your first home, upgrading, or downsizing, understanding your price segment will give you the best advantage.

📞 Need a personalized market breakdown? Contact the Own AZ Real Estate team today — we know the Mesa, Phoenix, Chandler, Gilbert, and Tempe markets inside and out.

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Mesa, Phoenix, Scottsdale, Chandler, Gilbert, Tempe, Glendale, Peoria, Surprise, Goodyear, Avondale, Buckeye, Queen Creek, San Tan Valley, Maricopa, Casa Grande, Fountain Hills, Cave Creek, Anthem, Sun City, and more.