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2022 March Tempe AZ Market Update

Tempe AZ Real Estate Housing Market Update

Tempe AZ Real Estate Housing Market Update

📈 March 2022 Tempe AZ Housing Market Trends Report, Statistics and House Value

Here are 2022 March Tempe AZ Housing Market Update and statistics for single family homes. 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 as 4/3/2022, provided by the FlexMLS system.

March 2022 Tempe AZ Housing Market Update Highlights:
  • Number of new listings for homes for sale has decreased about 17.7% from a year ago
  • March 2022 average sold price for single family home in Tempe is $578,932 and has increased about 22.3% from March 2021
  • Median sold price in March 2022 is $545,000, which has increased about 23.9% from a year ago
  • Almost all of single family home sold in Tempe in March 2022 are regular sales
  • March 2022 most expansive home sold in Tempe is sold for $2,100,000

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Tempe AZ March 2022 Closed Sales Report Analysis

Based on March 2022 statistics, we saw about 0.8% decreased in the number of single family homes sold in March 2022 compared to a year ago. The statistics show that we have 126 single family homes sold in March 2022 in Tempe AZ compared to 127 in March 2021.

In March 2022, we saw 40 days on Market (DOM), compare to 26 days in March 2021. It took average 40 days to get your Tempe home sold in March 2022.

March 2022 Tempe Median Sold Price

March 2022 median sold price for single family home in Tempe is $545,000. Compare to a year ago, March 2021 median sold price is $440,000. The median sold price for single family home in Tempe had appreciated about 23.9% from a year ago.

March 2022 Tempe Median Sold Price was $545,000
Click here to view Homes for Sale in Tempe AZ Under $525,000

Tempe AZ March 2022 Average Sold Price

March 2022 average sold price for single family homes in Tempe AZ is $578,932. Compare to last year March average sold price at $473,402, the average sold price has increased about 22.3% from a year ago.

There are 3 million dollars homes sold in Tempe in March 2022.

March 2022 Tempe Average Sold Price was $578,932
Click here to view Homes for Sale in Tempe AZ Under $575,000

March 2022 Average Sold Price Per Square Feet

The average sold price per square feet for March 2022 in Tempe is $303.00 per square feet, compare to $246.00 a year ago.

March 2022 Tempe Average Sold Price per square feet was $303
Click here to view Homes for Sale in Tempe AZ Under $150 per square feet

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.

March 2022 Housing Market Update by Tempe zip code

Tempe AZ zip code Median Sold Price Average Sold Price
Tempe AZ 85281 $513,000 $527,422
Tempe AZ 85282 $530,000 $532,770
Tempe AZ 85283 $545,000 $556,981
Tempe AZ 85284 $778,000 $863,266
💡 Did You Know?
A 1% increase in interest rates, can reduce buying power almost to 10%!! Read How rising interest rates will impact housing affordability?

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.

New Listings in Last 24 Hours Tempe AZ

Homes for Sale Tempe
Homes for Sale Under $200,000Homes for Sale $600,000 - $700,000
Homes for Sale $200,000 - $300,000Homes for Sale $700,000 - $800,000
Homes for Sale $300,000 - $400,000Homes for Sale $800,000 - $900,000
Homes for Sale $400,000 - $500,000Homes for Sale $900,000 - $1,000,000
Homes for Sale $500,000 - $600,000Homes for Sale Over $1,000,000
Single Story HomesHomes with Pool
Homes in Gated CommunityHomes with Guest House
Just Reduce Priced HomesRecently Sold Homes

Just Reduced Price Homes for Sale Tempe AZ

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Summary
Article Name
March 2022 Tempe AZ Housing Market Trends Report
Description
March 2022 Tempe AZ Housing Market Trends Report, Statistics and House Value. 2022 March average sold price for single family home in Tempe is $578,932 and has increased about 22.3% from
Author
Publisher Name
Swee Ng Realtor® with HomeSmart
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