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April 2017 Tempe AZ Housing Market Trends Report

April 2017 Tempe AZ Housing Market Trends Report and House Value

2017 April Tempe AZ Real Estate Market Highlight:
  • Active listing (Inventory) had Increased 2.4% from a month ago
  • April 2017 Average Sold Price for Single Family Home in Tempe was $312,247 and that was about 2.5% Decreased from March
  • Median Sold Price in April 2017 was $290,000 and had Increased about 3.6% from a month ago
  • 99% Single Family Detached Homes sold in April 2017 are Traditional Sale
  • Most expensive home sold in April 2017 in Tempe AZ was sold for $910,000 Click here to view

Here are Tempe AZ Real Estate – Single Family Detached Home statistics for April 2017. 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.

Also read:
Phoenix AZ April 2017 Housing Market Trends Report
Ahwatukee April 2017 Housing Market Trends Report
Chandler AZ April 2017 Housing Market Trends Report
Gilbert AZ April 2017 Housing Market Trends Report
Mesa AZ April 2017 Housing Market Trends Report

April 2017 Tempe AZ Closed Sales Report Analysis
We saw about 2.0% decreased in the number of homes sold in April 2017 compared to the prior month. The statistics show that we had 148 residential Single Family Detached Homes sold in April 2017 in Tempe AZ compared to 151 in March. This compares to only 129 closed sales in April of last year.

Based on statistic data, April 2017 Days on Market (DOM) is 62 which are same as previous month. It take about 62 days to get your Tempe AZ home sold in April 2017.

April 2017 Tempe AZ Median Sold Price Analysis
Median Sold Price for Single Family Detached Homes in April 2017 in Tempe AZ was $290,000. This median sold price had increased about 3.6% from a month ago. Compare to April 2016 Median Sold Price $275,000, that about 5.5% appreciation from a year ago.

April 2017 Tempe Median Sold Price for was $290,000. Click here to view Tempe Homes for Sale Under $285,000
Tempe AZ April 2017 Average Sold Price Analysis
Average Sold Price for Single Family Detached Homes in April 2017 was $312,247. Compare to previous month at $320,272, the Average Sold Price had decreased about 2.5%. Compare to a year ago, April 2016 Average Sold Price was $316,171, that was about decreased 1.2% from a year ago.

2017 April Tempe Average Sold Price for was $312,247. Click here to view Tempe Homes for Sale Under $300,000
The average sold price per square feet in April 2017 was $165 per square feet compare to $167 per square feet in previous month. A year ago, the average sold price per square feet was $155.

Based on statistics data, we can see that Buyers today are paying more to buy a house from a year ago.

April 2017 Housing Market Trends Report by Tempe zipcode

Tempe AZ Zipcode Median Sold Price Average Sold Price
Tempe AZ 85281 $253,500 $258,500
Tempe AZ 85282 $280,000 $278,419
Tempe AZ 85283 $265,000 $281,442
Tempe AZ 85284 $382,000 $411,164

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.

Wondering how much house you can afford?
Click here to access the Mortgage House 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 Us or call Swee Ng, Tempe Real Estate Agent at 480.721.6253 today to discuss your potential Tempe AZ House Value 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 Tempe 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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Summary
Article Name
April 2017 Tempe AZ Housing Market Trends Report
Description
Median Sold Price for Single Family Detached Homes in April 2017 in Tempe AZ was $290,000. Compare to April 2016 Median Sold Price $275,000, that about 5.5% appreciation from a year ago.
Author
Publisher Name
Swee Ng Realtor® with HomeSmart
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