Mesa AZ Real Estate Housing Market Report - April 2022
After decreasing slightly last month, the average sales price of homes increased from $537,807 in March to a new all-time high of $552,536 in April. The average sales price of Mesa homes has now increased in 14 out of the last 17 months.
The average sales price per square foot of Mesa homes has either remained the same or has continued to climb for 28 consecutive months now. The price per square foot of Mesa homes increased from $274/sf in March to $283/sf for April. This is a significant increase of $61/sf since April of 2021.
After increasing for two consecutive months, the days on market for Mesa has decreased for the third straight month, going from 32 DOM in January to 23 DOM in April. The days on market is still extremely low for Mesa, and that means that homes in Mesa, AZ will still be in high demand early in 2022.
The average sales price per square foot of Mesa homes has either remained the same or has continued to climb for 28 consecutive months now. The price per square foot of Mesa homes increased from $274/sf in March to $283/sf for April. This is a significant increase of $61/sf since April of 2021.
After increasing for two consecutive months, the days on market for Mesa has decreased for the third straight month, going from 32 DOM in January to 23 DOM in April. The days on market is still extremely low for Mesa, and that means that homes in Mesa, AZ will still be in high demand early in 2022.
After seeing a significant increase in March, Mesa home sales saw a significant decrease in April. Home sales in Mesa went from 717 in March to 613 in April. After reaching the largest number of sales for any given month since September of 2020 in March, April's total sales are less than in 2019 and 2021. Mesa home sales this month are lower than in April of last year by -7.1%.
After increasing last month, the number of new listings for April saw a decrease from 734 in March to 716 this month. This is the fourth out of the last five years that new listings have decreased in April. With this decrease of new listings in Mesa, they are now -3.1% lower than they were in April of last year.
There is still a lack of inventory based on demand, and that will only help home prices continue their upward trend. After decreasing for five straight months, the number of active listings in Mesa has barely increased, going from 660 last month to 662 in April.
Even though active listings in Mesa have been trending lower, the number of active listings is actually 1.5% higher than they were in April of 2021. To represent how low the overall Mesa inventory is right now, the current inventory of homes for sale is down -43.9% from April of 2020.
The number of listings in Mesa is extremely low, and the lack of listings continues to drive demand and home prices higher. Median home values in Mesa have increased an average of 26.2% since April of 2021. With interest rates moving just over 5.25%, there still should be more buyers looking to purchase a home in Mesa early on in 2022.
After increasing last month, the number of new listings for April saw a decrease from 734 in March to 716 this month. This is the fourth out of the last five years that new listings have decreased in April. With this decrease of new listings in Mesa, they are now -3.1% lower than they were in April of last year.
There is still a lack of inventory based on demand, and that will only help home prices continue their upward trend. After decreasing for five straight months, the number of active listings in Mesa has barely increased, going from 660 last month to 662 in April.
Even though active listings in Mesa have been trending lower, the number of active listings is actually 1.5% higher than they were in April of 2021. To represent how low the overall Mesa inventory is right now, the current inventory of homes for sale is down -43.9% from April of 2020.
The number of listings in Mesa is extremely low, and the lack of listings continues to drive demand and home prices higher. Median home values in Mesa have increased an average of 26.2% since April of 2021. With interest rates moving just over 5.25%, there still should be more buyers looking to purchase a home in Mesa early on in 2022.
For more detailed stats on the Mesa Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.
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.
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.
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.
"Real Estate is not just a job for me, it's about making a difference in the lives of others"
Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee
Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | [email protected]
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Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
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