📈 May 2023 Tempe AZ Housing Market Trends Report, Statistics and House Value
Here are 2023 May 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 6/3/2023, provided by the FlexMLS system.
- 2023 May number of new listings for homes for sale in Tempe AZ has decreased about 55.4% from a year ago
- May 2023 average sold price for single family home in Tempe is $587,542 and has decreased about 4.1% from a year ago
- Median sold price in May 2023 is $523,500, which is about 10.2% decreased from May 2022
- Almost all of single family home sold in Tempe in May 2023 are regular sales
- May 2023 most expansive home sold in Tempe is sold for $2,500,000
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Tempe AZ May 2023 Closed Sales Report Analysis
Based on May 2023 statistics, we saw about 27.4% decreased in the number of single family homes sold in May 2023 compared to a year ago. The statistics show that we have 85 single family homes sold in May 2023 in Tempe AZ compared to 117 in May 2022.
In May 2023, we saw 47 days on Market (DOM), compare to 20 days in May 2022. It took average 47 days to get your Tempe home sold in May 2023.
May 2023 Tempe Median Sold Price
May 2023 median sold price for single family home in Tempe is $523,500. Compare to a year ago, May 2022 median sold price is $582,900. The median sold price for single family home in Tempe had decreased about 10.2% from a year ago.
Click here to view Homes for Sale in Tempe AZ Under $500,000
2023 May Tempe AZ Average Sold Price
May 2023 average sold price for single family homes in Tempe AZ is $587,542. Compare to last year May average sold price at $612,663, the average sold price has decreased about 4.1% from a year ago.
There are 4 million dollars homes sold in Tempe in May 2023.
Click here to view Homes for Sale in Tempe AZ Under $575,000
May 2023 Average Sold Price Per Square Feet
The average sold price per square feet for May 2023 in Tempe is $303.00 per square feet, compare to $330.00 a year ago.
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 May Housing Market Update by Tempe zip code
| Tempe AZ zip code | Median Sold Price | Average Sold Price |
| Tempe AZ 85281 | $490,000 | $468,000 |
| Tempe AZ 85282 | $505,000 | $540,962 |
| Tempe AZ 85283 | $508,000 | $531,365 |
| Tempe AZ 85284 | $784,000 | $921,770 |
Wondering how much house you can afford?
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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.
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.
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