2018 Tempe AZ Real Estate Housing Market Trends Report, Statistics and House Value
Understanding the general direction of the current market conditions for home prices in Tempe is of vital importance to both buyers and sellers to help you make a more informed decision when buying or selling a home in Tempe.
Here are Tempe AZ housing market trends report and statistics for single family detached home for 2018. 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.
- 2018 new listing for homes for sale had decreased about 7.0% from a year ago
- 2018 Average Sold Price for Single Family Home in Tempe is $347,194 and had increased about 9.4% from 2017
- Median Sold Price in 2018 was $310,500, which had increased about 7.4% from a year ago
- About 99% of single family home sold in Tempe in 2018 are traditional sales
- 2018 most expansive home sold in Tempe was sold for $1,850,000
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Tempe AZ 2018 Closed Sales Report Analysis
Based on statistics, we saw about 7.5% decreased in the number of single family homes sold in 2018 compared to a year ago. The statistics show that we had 1,460 residential single family homes sold in 2018 in Tempe AZ compared to 1,579 in 2017.
In 2018, we saw 53 days on Market (DOM), compare to 61 in 2017. It took average 53 days to get your Tempe single family home sold in 2018.
2018 Tempe Median Sold Price for Single Family Homes
2018 median sold price for single family home in Tempe is $310,500. Compare to a year ago, 2017 median sold price was $289,000. The median sold price for single family home in Tempe had appreciated about 7.4% from a year ago.
Click here to view Homes for Sale in Tempe AZ Under $300,000
Tempe AZ 2018 Average Sold Price Analysis
Tempe average sold price for single family homes in 2018 is $347,194. Compare to last year 2017 at $317,248, the average sold price has increased about 9.4% from a year ago.
Click here to view Homes for Sale in Tempe AZ Under $325,000
Tempe AZ Average Price Per Square Feet
In 2018, the average sold price per square feet for Tempe is $180.00 per square feet. Last year 2017, the average sold price per square feet was $167.00 per square feet. The average sold price per square feet in Tempe has increased about 7.8% from 2017.
Click here to view Homes for Sale in Tempe AZ Under $150 per square feet
Based on statistics on both of median sold price and average sold price, buyers are paying more for a single family homes in Tempe AZ compare to a year ago.
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.
2018 Tempe AZ Monthly Housing Market Report
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Tempe AZ Single Family Home Price 2000 – 2018
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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.
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Swee Ng, Realtor 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 Scottsdale AZ area, I would like the opportunity to be interviewed for the job. Contact Us today for complimentary and no obligation consultation. I hope that you will put my experience, knowledge, service and professionalism to work for you.
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