🏡 Sales Market
Active Listings: 462 (-7.8% YoY)
→ Inventory has declined notably compared to last year, reversing the increases seen earlier in 2026
Median Sold $/SF: $171.91 (-4.4% YoY)
→ Prices dipped again this month, continuing a trend of softness and ongoing affordability adjustments
Average Days on Market: 83 (+0.6% YoY)
→ Homes are taking slightly longer to sell than last year, reflecting a slower-paced market overall
30-Year Mortgage Rate: 6.44%
→ Rates increased this month, which could continue to put pressure on buyer demand
🏘️ Rental Market
Active Listings: 27 (-30.8% YoY)
→ Rental inventory has dropped sharply and is now significantly below last year’s levels
Median Rented $/SF: $1.09 (0% YoY)
→ Rents remained flat year-over-year, suggesting stabilization after recent fluctuations
Median Days on Market: 33 (-34% YoY)
→ Rentals are leasing much faster than last year, a strong indicator of tightening demand
📉 Key Takeaways
- Sales inventory has tightened again after earlier increases this year
- Home prices remain under pressure, continuing a soft trend
- Rental supply has dropped significantly, creating a more competitive rental market
- Faster rental leasing times signal strengthening demand from renters
- Rising mortgage rates may limit buyer activity in the near term
👉 Overall:
Casa Grande’s market is showing signs of stabilization after early-year volatility. While the sales side remains soft with longer timelines and lower pricing, the rental market is tightening quickly. As mortgage rates rise, affordability will remain a key factor shaping both buyer and renter behavior moving into the spring season.