Mesquite, Texas Housing Market

What stands out in Mesquite?

• Homes for sale are 113% above 2017–2019: among the biggest inventory build-ups since 2017–2019 of 763 tracked cities. Buyers have far more choice than before the pandemic.
• Homes for sale are down 19% on last year: among the sharpest inventory declines of 763 tracked cities. Supply is shrinking, which shifts leverage to sellers.
• Against its own 2017–2019, Mesquite leans further toward buyers than most tracked cities: among the strongest buyers’ markets against their own normal of 763 tracked cities. Buyers have unusual room right now.

How much more is for sale in Mesquite than before the pandemic?

There are 380 homes for sale in Mesquite, 113% more than in 2017–2019 at this time of year. That count is down 19% on last year, with 120 new listings this month. The build-up is biggest in 75149 (167 for sale, 148% above its 2017–2019 level) and 75150 (124 for sale, 127% above its 2017–2019 level). More choice means you can walk away from any home priced for the market of three years ago.

How much can you negotiate in Mesquite?

For every 100 homes still for sale, 37 are under contract. In 2017–2019 at this time of year it was 96. The rest are still waiting for a buyer. About 1 in 4 sellers has already dropped their price. Each one has learned their first price was too high. Start your offer below their new price.

Mesquite listings spend a median 63 days on the market. That is 14% longer than a year ago. There are 380 homes for sale in Mesquite. That is 9.0 times the tightest month on record, but below the peak of 487. Supply is shrinking against last year.

What to do about it

• Search Mesquite homes listed 90+ days ago that have already cut their price.
• Offer below the reduced price.
• Keep your inspection and financing contingencies.
• Ask the seller to pay closing costs.
• You can lose a few offers here and still win.

How does Mesquite compare with other Texas markets?

Ranked among the 77 Texas markets we track:

• Asking price: 20th cheapest of 77. Mesquite is at $276,125. Closest: Sherman and Baytown.
• Buyer competition: 6th most competitive of 67. Mesquite is at 0.37 buyers per home. Closest: Cedar Hill and Grand Prairie.
• Time on market: 39th shortest time on market of 77. Mesquite is at a median of 63 days on market. Closest: Carrollton and Wichita Falls.
• Price cuts: 23rd most price cuts of 77. Mesquite is at 27% of sellers cutting. Closest: Burleson and Keller.

Is now a good time to buy in Mesquite?

The median asking price is 21.9% below its Aug 2023 peak. Per square foot the gap is smaller: 13.8% below the May 2022 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Mesquite prices rose in only 77 of the last 112 months. This market goes up and down. Timing matters here. Growth will not rescue a bad price.

There is no rush. Prices are still coming down. Watch the homes you like. Come back after they cut. Let the seller move first.

When do Mesquite prices dip?

Across 9 full years, Mesquite asking prices ran lowest in March, about 4.0% below the year's average. They peaked in September. The most homes for sale show up in October, about 21% above the yearly average. Shop in October for choice, and expect the softest asking prices in March.

What numbers should you underwrite a Mesquite deal with?

• Price growth to assume — +0.6%/yr. Mesquite grew 6.1% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Mesquite grows about 0.6% a year. That is the number to type in. Prices fell 2.2% over the last year. Use it for timing. The five-year rate is the better guide.
• Odds you cut your price to sell — 1 in 4. 27% of Mesquite listings have cut their asking price. Underwrite your exit below asking.
• Competition when you exit — -19%. Homes for sale in Mesquite are down 19% on last year, so your resale faces less competition than today's comps did.

Read what days on market tells you about leverage and how we read these numbers, then run the numbers on a deal.

What is the median home price in Mesquite?

The median asking price in Mesquite is about $276,000 as of Oct 2026, down 3.7% from a year ago. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Mesquite figures cover the 5 ZIP codes with a Mesquite mailing address, which can reach past city limits.

Is Mesquite a buyer's or seller's market in 2026?

Buyers have more room in Mesquite than usual. We compare Mesquite with 2017–2019 at this time of year: there are 37 pending sales per 100 listings, against 96 then; there are 113% more homes for sale; listings spend 70% more days on the market.

Are Mesquite home prices going up or down?

The median asking price is 21.9% below its Aug 2023 peak. Per square foot the gap is smaller: 13.8% below the May 2022 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.

What is the fair market rent in Mesquite?

HUD's fiscal year 2026 fair market rent for Dallas County is $1,931 a month for 2 bedrooms and $2,431 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.