December Market Trends in Mesquite Real Estate and Predictions for 2025
Q4 Market Trends in Mesquite Real Estate and Predictions for 2025
As November 2024 wrapped up, Mesquite’s real estate market offered a mix of stability and growth opportunities for buyers, sellers, and investors. From changing list prices to shorter days on market, the latest data provides valuable insights into what the last few weeks and the year- and 2025 - may hold. Here’s a breakdown of key trends and predictions to help you navigate the upcoming year in real estate.
Key Market Trends from November 2024
Median Sales Prices Hold Steady
The median sales price in Mesquite during November was $439,000, reflecting a slight stabilization compared to prior months. This leveling off indicates a healthy balance between buyer demand and seller expectations.Days on Market Decrease
Listings spent an average of 51 days on the market, a significant improvement compared to previous months. Faster turnover rates suggest heightened buyer activity and increased competition, particularly for well-priced homes.Inventory Levels and Housing Supply
Active listings slightly increased to 138, but the absorption rate—how quickly homes sell—remained strong at 36.67 homes per month. This balanced inventory keeps the market competitive without tipping too far in favor of buyers or sellers.
Predictions for December & Mesquite Real Estate in 2025
Shorter Listing Times
As the market remains competitive, days on market are likely to stay low, favoring sellers who price their homes competitively and stage them well.
Increased Interest in New Developments
Projects like New Horizon, Val Vista and the newest townhome project in Mesquite, Vista Del Luna (located behind Mesa View Hospital) will attract buyers looking for modern amenities and energy-efficient designs. The combination of community-focused planning and stunning desert landscapes will make developments like these highly sought after.
Mesquite’s real estate market in November 2024 displayed strong demand and balanced inventory, setting the stage for a competitive 2025. Whether you’re looking to buy, sell, or invest, working with an experienced agent like Cindy Biskup ensures you’ll navigate the market with confidence.
Ready to make your move? Contact Cindy today to discuss your real estate goals for 2025!
