San Tan Valley continues to feel the effects of rising inventory and longer marketing times, while the rental market remains relatively stable. Here’s what January tells us:
🏡 Sales Market – More Inventory, Slower Pace
Active Listings: 863
⬆️ 9% increase YoY
Median Sold Price per SF: $220.90
⬇️ 2.7% decrease YoY
Average Days on Market: 70
⬆️ 1.4% increase YoY
30-Year Mortgage Rate: 6.11%
What This Means
- Inventory jumped from 771 in December to 863 in January — a notable month-over-month increase.
- Price per square foot ticked up slightly from December, but remains down year-over-year.
- Homes are taking longer to sell compared to last year, with average days on market now at 70.
- Buyers have more leverage than they did during peak demand cycles.
San Tan Valley is firmly in a more balanced-to-buyer-leaning environment compared to previous years.
🏘 Rental Market – Holding Steady
Active Rental Listings: 129
⬆️ 8.4% increase YoY
Median Rented Price per SF: $1.08
⬇️ 4% decrease YoY
Median Days on Market: 38
⬇️ 10.5% decrease YoY
What This Means
- Rental inventory dipped slightly from December but remains elevated year-over-year.
- Rents per square foot softened compared to last year.
- Properties are leasing faster than they were a year ago, with days on market decreasing.
While rent growth has flattened, demand remains consistent enough to keep turnover moving.