April 2026
Sales Market
Active Listings: 961 (+1.2% YoY)
→ Inventory is essentially flat compared to last year, giving buyers a healthy amount of choice without creating major oversupply concerns.
Median Sold $/SF: $221.35 (-2.3% YoY)
→ Home prices remain modestly below last year, suggesting affordability continues to influence buyer behavior in this price-sensitive market.
Average Days on Market: 62 (+2.5% YoY)
→ Homes are taking only slightly longer to sell than last year, indicating relatively stable buyer demand despite softer pricing.
30-Year Mortgage Rate: 6.35%
→ Mortgage rates improved from March, offering buyers a modest affordability boost heading further into the spring market.
Rental Market
Active Listings: 79 (-31.9% YoY)
→ Rental inventory remains dramatically below last year’s levels, creating a much tighter supply environment for renters.
Median Rented $/SF: $1.12 (+0.5% YoY)
→ Rental pricing has turned slightly positive year-over-year, signaling improving conditions for landlords.
Median Days on Market: 37 (+33.9% YoY)
→ Rentals are taking noticeably longer to lease despite tighter inventory, suggesting renters remain highly price-sensitive.
Key Takeaways
- Sales inventory remains balanced with no major supply imbalance
- Home prices are still slightly soft, reflecting continued affordability sensitivity
- Buyer demand appears relatively stable, with only minor changes in selling pace
- Rental inventory has tightened dramatically, creating much lower available supply
- Rent growth has returned, but longer leasing timelines suggest renter resistance at current pricing
- Lower mortgage rates may continue supporting buyer activity through the spring
Overall
San Tan Valley’s April market reflects a balanced but affordability-sensitive environment. The sales market remains relatively stable, with balanced inventory and steady buyer demand, though pricing remains modestly below last year. The rental market tells a more complex story—inventory has tightened sharply and rents have turned slightly positive, but significantly longer leasing timelines suggest renters are becoming more selective. Overall, San Tan Valley appears stable, but pricing sensitivity remains the defining theme on both sides of the market.