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2023 February Tempe AZ Market Update

Tempe AZ Real Estate Housing Market Update

Tempe AZ Real Estate Housing Market Update

📈 February 2023 Tempe AZ Housing Market Trends Report, Statistics and House Value

Here are 2023 February Tempe AZ Housing Market Update and statistics for single family homes. Be sure to Contact Swee Ng Realtor®, 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 3/7/2023, provided by the FlexMLS system.

February 2023 Tempe AZ Housing Market Update Highlights:
  • 2023 February number of new listings for homes for sale in Tempe AZ has decreased about 24.4% from a year ago
  • February 2023 average sold price for single family home in Tempe is $527,767 and has decreased about 6.7% from a year ago
  • Median sold price in February 2023 is $500,000, which is about 6.2% decreased from February 2022
  • Almost all of single family home sold in Tempe in February 2023 are regular sales
  • February 2023 most expansive home sold in Tempe is sold for $1,100,000

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Tempe AZ February 2023 Closed Sales Report Analysis

Based on February 2023 statistics, we saw about 36.9% decreased in the number of single family homes sold in February 2023 compared to a year ago. The statistics show that we have 65 single family homes sold in February 2023 in Tempe AZ compared to 103 in February 2022.

In February 2023, we saw 77 days on Market (DOM), compare to 29 days in February 2022. It took average 77 days to get your Tempe home sold in February 2023.

February 2023 Tempe Median Sold Price

February 2023 median sold price for single family home in Tempe is $500,000. Compare to a year ago, February 2022 median sold price is $532,900. The median sold price for single family home in Tempe had decreased about 6.2% from a year ago.

February 2023 Tempe Median Sold Price was $500,000
Click here to view Homes for Sale in Tempe AZ Under $500,000

2023 February Tempe AZ Average Sold Price

February 2023 average sold price for single family homes in Tempe AZ is $527,767. Compare to last year February average sold price at $565,883, the average sold price has decreased about 6.7% from a year ago.

There are 3 million dollars homes sold in Tempe in February 2023.

February 2023 Tempe Average Sold Price was $527,767
Click here to view Homes for Sale in Tempe AZ Under $525,000

February 2023 Average Sold Price Per Square Feet

The average sold price per square feet for February 2023 in Tempe is $292.00 per square feet, compare to $304.00 a year ago.

February 2023 Tempe Average Sold Price per square feet was $292
Click here to view Homes for Sale in Tempe AZ Under $250 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.

2023 February Housing Market Update by Tempe zip code

Tempe AZ zip code Median Sold Price Average Sold Price
Tempe AZ 85281 $400,000 $425,688
Tempe AZ 85282 $475,000 $480,757
Tempe AZ 85283 $470,000 $540,612
Tempe AZ 85284 $637,000 $687,950
💡 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
February 2023 Tempe AZ Housing Market Trends Report
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February 2023 Tempe AZ Housing Market Trends Report, Statistics and House Value. 2023 February average sold price for single family home in Tempe is $527,767 and has decreased about 6.7% from a year ago.
Author
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Swee Ng Realtor® with HomeSmart
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