Here is the most recent Mesa AZ Real Estate Housing Market Report for March 2022:
After increasing for three straight months, the average sales price of homes decreased from the all-time high of $540,171 in February to $537,760 in March. Even though there was a dip this month, the average sales price of Mesa homes has now increased in 13 out of the last 16 months.
The average sales price may have decreased, but the sales price per square foot of Mesa homes has either remained the same or has continued to climb for 27 consecutive months now. The price per square foot of Mesa homes continues that trend into 2022, increasing from $265/sf in February to $274/sf for March. This is a significant increase of $57/sf since March of 2021.
After increasing for two consecutive months, the days on market for Mesa has decreased for the second straight month, going from 32 DOM in January to 25 DOM in March. This is the third year in a row that DOM has decreased in the first three months to start off a new year. 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 may have decreased, but the sales price per square foot of Mesa homes has either remained the same or has continued to climb for 27 consecutive months now. The price per square foot of Mesa homes continues that trend into 2022, increasing from $265/sf in February to $274/sf for March. This is a significant increase of $57/sf since March of 2021.
After increasing for two consecutive months, the days on market for Mesa has decreased for the second straight month, going from 32 DOM in January to 25 DOM in March. This is the third year in a row that DOM has decreased in the first three months to start off a new year. 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.
Click on the image below to read the full article and see what is going on in the Mesa Arizona real estate market.
Feel free to reach out to me if you have any questions about buying a home, selling your home, or investing in the Mesa, AZ 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"
Troy Erickson Realtor | Call/Text: 602-295-6807 | TroyEricksonRealtor@gmail.com
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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