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Tempe AZ Housing Market Trends Report February 2019

Written by Posted On Tuesday, 12 March 2019 13:03

February 2019 Tempe AZ Housing Market Trends Report, Statistics and House Value

Here are Tempe AZ housing market trends report and statistics for single family detached home for February 2019. Be sure to Contact Us, if you have any questions about this report or about how the market is performing. This report includes MLS data for the past 12 months for Tempe AZ provided by the FlexMLS system.

 

February 2019 Tempe AZ Real Estate Housing Market Update Highlights

  • February 2019 new listing for homes for sale had decreased about 4.1% from a year ago
  • February 2019 Average Sold Price for Single Family Home in Tempe is $332,748 and had decreased about 1.0% from February 2018
  • Median Sold Price in February 2019 was $317,000, which had increased about 7.5% from a year ago
  • About 99% of single family home sold in Tempe in February 2019 are traditional sales
  • February 2019 most expansive home sold in Tempe was sold for $700,000
February 2019 Tempe AZ Housing Market Update by Swee Ng, Real Estate and House Value

 

You might be interested:

February 2019 Phoenix Housing Market Tends Report

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February 2019 Chandler Housing Market Tends Report

February 2019 Gilbert Housing Market Tends Report

February 2019 Mesa Housing Market Tends Report

 

Tempe AZ February 2019 Closed Sales Report Analysis

Based on statistics, we saw about 22.0% decreased in the number of single family homes sold in February 2019 compared to a year ago. The statistics show that we had 99 residential single family homes sold in February 2019 in Tempe AZ compared to 127 in February 2018.

In February 2019, we saw 65 days on Market (DOM), compare to 60 in February 2018. It took average 65 days to get your Tempe home sold in February 2018.

 

 

February 2019 Tempe Median Sold Price for Single Family Homes

February 2019 median sold price for single family home in Tempe is $317,000. Compare to a year ago, February 2018 median sold price was $294,800. The median sold price for single family home in Tempe had appreciated about 7.5% from a year ago.

 

February 2019 Tempe Median Sold Price was $317,000
Click here to view Homes for Sale in Tempe AZ Under $315,000

 

Tempe AZ February 2019 Average Sold Price Analysis

February 2019 average sold price for single family homes in Tempe AZ is $332,748. Compare to last year February at $336,247, the average sold price has decreased about 1.0% from a year ago.

 

February 2019 Tempe Average Sold Price was $332,748
Click here to view Homes for Sale in Tempe AZ Under $325,000

 

February 2018 Average Sold Price Per Square Feet

The price per square feet for February 2019 in Tempe is $188.00 per square feet.

 

February 2019 Tempe Average Sold Price per square feet was $188
Click here to view Homes for Sale in Tempe AZ Under $150 per square feet

 

Understanding the general direction of the Tempe AZ housing market conditions and home prices is vital importance to both buyers and sellers. These information help you make a more informed decision when buying or selling a home in Tempe AZ.

As a reminder, you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying. Blended statistics will not be as accurate as a more detailed report we can provide to help you with your decision making.

 

Also Read: How rising interest rates will impact housing affordability?

 

January 2019 Housing Market Update by Tempe zipcode

Tempe AZ Zipcode

Median Sold Price

Average Sold Price

Tempe AZ 85281

$295,000

$325,648

Tempe AZ 85282

$304,750

$312,233

Tempe AZ 85283

$317,000

$336,047

Tempe AZ 85284

$371,500

$398,149

 

Wondering how much house you can afford?

Click here to access housing mortgage payment calculator. Simply add in the price of the home you are considering and the calculator will return your estimated house payment. Change length of loan and interest rates to adjust results.

 

Selling Your Home in Tempe AZ

Contact or call Swee Ng at 480.721.6253 today to discuss your potential Tempe AZ Home Price and our comprehensive marketing plan. We will prepare complimentary competitive market analysis (CMA) to find out what your home is worth at today's market.

 

What My Tempe House is Worth Today?

 

Swee Ng, Realtor and Phoenix East Valley resident specializing in win-win real estate transaction through great communication and fighting for his clients' best interest. After all, this is more than real estates, this is about your life and your dreams.

If you are looking to buy or sell your home in Phoenix AZ area, we hope you will consider us. Contact us today for complimentary consultation.

Homes for Sale in Tempe AZ by Price Range:

Homes for Sale Under $200,000

Homes for Sale $200,000 – $300,000

Homes for Sale $300,000 – $400,000

Homes for Sale $400,000 – $500,000

Homes for Sale $500,000 – $600,000

Homes for Sale $600,000 – $700,000

Homes for Sale $700,000 – $800,000

Homes for Sale $800,000 – $900,000

Homes for Sale $900,000 – $1,000,000

Homes for Sale Over $1,000,000

 

Search and view your dream home your way

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