April 2016 Tempe AZ Real Estate Market Highlight:
- Active listing (Inventory) had Decreased 23.9% from March 2016
- April 2016 Average Sold Price for Single Family Home in Tempe was $316,171 that was 7.5% Increased from March
- Median Sold Price in April 2016 was $275,000, remains the same as March
- 96% of Single Family Detached Homes sold in April 2016 are Traditional Sale
- Most expensive home sold in April 2016 in Tempe AZ was sold for $1,125,000 Click here to view
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Here are Tempe AZ Real Estate – Single Family Detached Home statistics for April 2016. 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.
April 2016 Tempe AZ Closed Sales Report Analysis
We saw a 7.5% increased in the number of Single Family Homes sold in April 2016 compared to the prior month. The statistics show that we had 129 residential Single Family Homes sold in April 2016 in Tempe AZ compared to 120 in March. This compares to 123 closed sales in April of last year.
Based on statistic data, April 2016 Days on Market (DOM) is 72 compare to 63 in March. It take about 72 days to get your Tempe AZ home sold in April 2016.
Tempe AZ April 2016 Average Sold Price Analysis
Average Sold Price for Single Family Detached Homes in April 2016 was $316,171. This Average Sold Price has increased 7.5% from March. Compare to April 2015 Average Sold Price $293,338, that was about 7.8% appreciation from a year ago.
The average sold price per sq/ft in April 2016 was $155 per sq/ft. This compare to $154 per sq/ft in March and $139 per sq/ft from a year ago.
April 2016 Tempe AZ Median Sold Price Analysis
April 2016 Median Sold Price for Single Family Detached Homes in Tempe AZ was $275,000. This median sold price is about same as in March. Compare to April 2015 Median Sold Price $248,500, that about 10.7% appreciation from 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.
Selling Your Home in Tempe AZ
Contact Us or call Swee Ng, Tempe Real Estate Agent 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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