Market Intelligence · AZ / Mesa

Mesa, AZ 85204 Housing Market

The typical home value in Mesa, AZ 85204 is $387,919, down 0.7% over the past year as of September 2026. Homes are listed at a median of $414,975 and spend a median of 56 days on the market. That gap between list price and typical value is worth noting for sellers.

Updated September 2026Median value$388K

The median home value in Mesa, AZ 85204 is $388K as of September 2026, down 0.7% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 85204 range

$357K to $419K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-0.7% over 12 months

Typical home value in 85204 over the last 12 months: $391K in Sep 2025 to $388K in Sep 2026 (-0.7%).

Sep 2025$391K

Sep 2026$388K

The numbers

What is the 85204 housing market like?

Typical home value

$388K

Down0.7%YoY

Median list price

$415K

Up1.8%MoM

Days on market

56

Up1.8%MoM

Homes for sale

69

Up13.1%MoM

Price cuts

36.0%

Up68.6%MoM

New listings

30

Down6.2%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

85204 housing market forecast 2027

-1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85204 to fall 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 85204 fell 0.7%, per the Zillow Home Value Index.

Will home prices drop in 85204?

Zillow's forecast says they may: it expects typical home values in 85204 to fall 1.6% by September 2027, after a 0.7% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 85204 home prices compare?

  • 85204$387,919
  • Mesa$400,067
  • Arizona$385,442
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Mesa: 13 ZIPs; Arizona: 300 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, the typical home value in 85204 sits at $387,919, a decline of 0.7% over the past year. The median list price is $414,975, and there are 69 homes for sale, with 30 new listings coming on. Homes take a median of 56 days to sell, and 36.0% of listings have taken a price cut. Values are essentially flat, but a meaningful share of sellers are cutting prices to find a buyer. If you are thinking about selling, pricing realistically from the start matters more than testing the market high.

Monthly payment

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20% · $77,584

Common questions

What people ask us.

How much is a home in 85204 worth?

The typical home value in Mesa, AZ 85204 is $387,919 as of September 2026, down 0.7% over the past year. The median list price is $414,975.

How long does it take to sell a home in 85204?

Homes in 85204 spend a median of 56 days on the market as of September 2026. About 36.0% of listings have had a price cut.

How many homes are for sale in 85204?

There are 69 homes for sale in 85204 as of September 2026, including 30 new listings.

Discover

Nearby ZIP markets.

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Guides for sellers.