December 2018 Tempe AZ Real Estate Housing Market Trends Report, Statistics and House Value
Here are Tempe AZ housing market trends report and statistics for single family detached home for December 2018. 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.
- December 2018 new listing for homes for sale had decreased about 11.0% from a year ago
- December 2018 Average Sold Price for Single Family Home in Tempe is $335,223 and had increased about 0.7% from December 2017
- Median Sold Price in December 2018 was $325,000, which had increased about 8.2% from a year ago
- About 98% of single family home sold in Tempe in December 2018 are traditional sales
- December 2018 most expansive home sold in Tempe was sold for $635,000
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Tempe AZ December 2018 Closed Sales Report Analysis
Based on statistics, we saw about 19.2% decreased in the number of single family homes sold in December 2018 compared to a year ago. The statistics show that we had 97 residential single family homes sold in December 2018 in Tempe AZ compared to 120 in December 2017.
In December 2018, we saw 60 days on Market (DOM), compare to 64 in December 2017. It took average 60 days to get your Tempe home sold in December 2018.
December 2018 Tempe Median Sold Price for Single Family Homes
December 2018 median sold price for single family home in Tempe is $325,000. Compare to a year ago, December 2017 median sold price was $298,000. The median sold price for single family home in Tempe had appreciated about 8.2% from a year ago.
Click here to view Homes for Sale in Tempe AZ Under $315,000
Tempe AZ December 2018 Average Sold Price Analysis
December 2018 average sold price for single family homes in Tempe AZ is $335,223. Compare to last year December at $332,820, the average sold price has increased about 0.7% from a year ago.
Click here to view Homes for Sale in Tempe AZ Under $325,000
The price per square feet for December 2018 in Tempe is $181.00 per square feet.
Click here to view Homes for Sale in Tempe AZ Under $150 per square feet
Based on statistics on both of median sold price and average sold price, buyers are paying more for a single family homes in Tempe AZ compare to a year ago.
Understanding the general direction of the Tempe AZ housing market conditions and home prices is vital importance to both buyers and sellers. These information help you make a more informed decision when buying or selling a home in Tempe AZ.
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.
December 2018 Housing Market Update by Tempe zipcode
| Tempe AZ Zipcode | Median Sold Price | Average Sold Price |
| Tempe AZ 85281 | $285,000 | $298,240 |
| Tempe AZ 85282 | $297,000 | $296,214 |
| Tempe AZ 85283 | $330,000 | $343,833 |
| Tempe AZ 85284 | $460,000 | $440,389 |
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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.
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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 Scottsdale 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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