Ahwatukee AZ Real Estate Housing Market Report - March 2022
The price per square foot of Ahwatukee homes has increased for the third straight month, going from $290/sf in February to $297/sf in March. The average sold price per square foot of Ahwatukee homes has increased 12 times out of the last 14 months.
After dropping for three consecutive months, the Ahwatukee days on market increased from 26 DOM in February to 28 DOM in March. Although it has increased from the all-time low of 22 DOM in August of 2021, 28 DOM is still a very low number, and it is obvious that the demand for homes in Ahwatukee remains high in 2022.
The number of new listings in Ahwatukee increased for the third straight month, going from 71 in December of 2021 to 140 in March. New Ahwatukee listings this March are the lowest they have been since before at least 2018. The number of new Ahwatukee listings are now -9.1% lower than they were in March of 2021.
After decreasing for three months, active listings in Ahwatukee increased to 112 in March from 99 in February. This is the first increase since reaching a 2021 high of 182 in November. With this increase, the number of active Ahwatukee listings is still -25.8% lower than in March of 2021. It is obvious that Ahwatukee could use more listings due to the continued high demand from buyers.
There has been a lower-than-normal inventory of Ahwatukee homes for sale for quite some time now, and homes that are listed in Ahwatukee continue to sell very fast. Median home values in Ahwatukee have increased an average of 22.9% since March of 2021, which is amazing growth. With interest rates remaining just above 4.25%, the demand from buyers looking to purchase homes in Ahwatukee should remain high early in 2022.
For more detailed stats on the Ahwatukee Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.