Tempe AZ Housing Market Update March 2019

Written by Posted On Tuesday, 09 April 2019 10:45

March 2019 Tempe AZ Real Estate Housing Market Update, Statistics and House Value

Here are Tempe AZ housing market trends report and statistics for single family detached home for March 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.

March 2019 Tempe AZ Real Estate Housing Market Update Highlights:

  • March 2019 new listing for homes for sale had decreased about 26.1% from a year ago
  • March 2019 Average Sold Price for Single Family Home in Tempe is $336,651 and had increased about 2.5% from March 2018
  • Median Sold Price in March 2019 was $321,000, which had increased about 5.6% from a year ago
  • About all of single family home sold in Tempe in March 2019 are traditional sales
  • March 2019 most expansive home sold in Tempe was sold for $600,000

March 2019 Tempe AZ Housing Market Update by Swee Ng, Real Estate and House Value

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Tempe AZ March 2019 Closed Sales Report Analysis

Based on statistics, we saw about 13.2% decreased in the number of single family homes sold in March 2019 compared to a year ago. The statistics show that we had 118 residential single family homes sold in March 2019 in Tempe AZ compared to 136 in March 2018.

In March 2019, we saw 67 days on Market (DOM), compare to 55 in March 2018. It took average 67 days to get your Tempe home sold in March 2018.

March 2019 Tempe Median Sold Price for Single Family Homes

March 2019 median sold price for single family home in Tempe is $321,000. Compare to a year ago, March 2018 median sold price was $304,000. The median sold price for single family home in Tempe had appreciated about 5.6% from a year ago.

March 2019 Tempe Median Sold Price was $321,000
Click here to view Homes for Sale in Tempe AZ Under $315,000

 

Tempe AZ March 2019 Average Sold Price Analysis

March 2019 average sold price for single family homes in Tempe AZ is $336,651. Compare to last year March at $328,404, the average sold price has increased about 2.5% from a year ago.

March 2019 Tempe Average Sold Price was $336,651
Click here to view Homes for Sale in Tempe AZ Under $325,000

March 2018 Average Sold Price Per Square Feet

The price per square feet for March 2019 in Tempe is $186.00 per square feet.

March 2019 Tempe Average Sold Price per square feet was $186
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 $284,500 $289,863
Tempe AZ 85282 $332,500 $348,626
Tempe AZ 85283 $307,000 $318,736
Tempe AZ 85284 $392,000 $410,000

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.

Contact Swee Ng, Tempe Real Estate Agent, Realtor in Tempe AZ

 

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