New construction community in Mesa, Arizona. 2 active listings · $450K – $500K · 1,404 – 1,490 sq ft.
New construction homes at University & 202 by Risewell Homes in Mesa, Arizona range from $450K to $500K as of August 2026, with 2 active listings, based on ARMLS data.
Across the Phoenix metro, 65% of new-construction homes cut their price before selling, averaging a $27,289 reduction. 43% sold below their final list price, and the typical home took 43 days to go under contract.
Pricing, availability, and current incentives, without going through the builder's sales office.
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New homes at University & 202 have a median asking price of $500K as of August 2026, or about $336 per square foot, with prices ranging from $450K to $500K across 2 active ARMLS listings.
There are 2 new construction homes actively listed at University & 202 in Mesa, AZ as of August 2026.
Across the Phoenix metro new-construction market, 65% of homes that sold cut their price before closing, averaging a $27,289 reduction, and 43% sold below their final list price. New construction is more negotiable than builder sales offices suggest.
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