Monthly Market Reports

• Median Sale Price (July 2025): $640,000, representing a 5.8% increase year-over-year. Rocket Homes reports a slightly higher figure of $662,500, a 2.7% annual increase.
• Inventory: Redfin reports 142 homes were sold in July, a 19.3% increase compared to last year.
• Days on Market: The median number of days a home stayed on the market was 73, an increase from 69 days a year prior. 

• Median Sale Price (July 2025): $417,000, a 4.0% increase year-over-year.
• Inventory: July sales were up 10.3% year-over-year, with 235 homes sold.
• Days on Market: The median days on market increased to 70, up from 54 a year ago.
• Price per Square Foot: The median price per square foot was $213, a 5.5% decrease year-over-year. 

• Median Sale Price (July 2025): Redfin reports $575,000, an 8.0% decrease from the previous year. Rocket Homes reports $582,400, a minimal 0.1% increase year-over-year.
• Inventory: The number of homes sold in July was 298, a 25.2% increase year-over-year, according to Redfin. Rocket Homes reported 294 homes sold or pending in July, a 0.3% month-over-month decrease.
• Days on Market: The median days on market was 63, a significant increase from 40 days in July 2024.
• Negotiation: 70% of homes sold for less than their asking price, indicating a buyer’s advantage.

Mesa

• Median Sale Price (July 2025): $450,600, a 0.3% increase from the previous year.
• Inventory: 493 homes were sold or pending in July, a 3.4% increase month-over-month.
• Price per Square Foot: The median price per square foot was $267.
• Negotiation: 60.2% of homes sold for less than their asking price.

• The market is more favorable to buyers than it has been in years, with inventory in the Valley increasing significantly since January 2025.
• Greater supply is giving buyers more room to negotiate prices and terms, leading to more homes selling below their asking price.
• Some sellers are deferring their listing until market conditions improve.
• Median days on market have increased across all four areas compared to last year. 

Call Lexi Clark Realty (480) 266-1195 for a more comprehensive broker price opinion of your home. A Broker Price Opinion (BPO) is an estimate of a property’s market value provided by a licensed real estate broker or agent, based on their local market knowledge and comparable sales. While quicker and more affordable than a formal appraisal, a BPO is not a certified appraisal and is typically used for setting competitive listing prices, eliminating PMI, qualifying for home equity loans, or for lenders in situations like short sales. Lexi has performed over 2,500 BPOs for banks and home sellers.