February 2020 Tempe AZ Housing Market Trends Report, Statistics and House Value
Here are February 2020 Tempe AZ Housing Market Update and statistics for single family detached home for February 2020. 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.
- February 2020 new listings for homes for sale had decreased about 16.4% from a year ago
- February 2020 Average Sold Price for Single Family Home in Tempe is $375,283 and had increased about 12.8% from February 2019
- Median Sold Price in February 2020 was $338,450, which had increased about 6.8% from a year ago
- About 99% of single family home sold in Tempe in February 2020 are traditional sales
- February 2020 most expansive home sold in Tempe was sold for $1,266,000
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Tempe AZ February 2020 Closed Sales Report Analysis
Based on February 2020 statistics, we saw about 5.1% increased in the number of single family homes sold in February 2020 compared to a year ago. The statistics show that we had 104 single family homes sold in February 2020 in Tempe AZ compared to 99 in February 2019.
In February 2020, we saw 45 days on Market (DOM), compare to 65 in February 2019. It took average 45 days to get your Tempe home sold in February 2020.
February 2020 Tempe Median Sold Price for Single Family Homes
February 2020 median sold price for single family home in Tempe is $338,450. Compare to a year ago, February 2019 median sold price was $317,000. The median sold price for single family home in Tempe had appreciated about 6.8% from a year ago.
Click here to view Homes for Sale in Tempe AZ Under $325,000
Tempe AZ February 2020 Average Sold Price Analysis
February 2020 average sold price for single family homes in Tempe AZ is $375,283. Compare to last year February at $332,748, the average sold price has increased about 12.8% from a year ago.
There are only one million dollars homes sold in Tempe in February 2020.
Click here to view Homes for Sale in Tempe AZ Under $350,000
February 2020 Average Sold Price Per Square Feet
The price per square feet for February 2020 in Tempe is $201.00 per square feet.
Click here to view Homes for Sale in Tempe AZ Under $150 per square feet
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.
February 2020 Housing Market Update by Tempe zipcode
| Tempe AZ Zip code | Median Sold Price | Average Sold Price |
| Tempe AZ 85281 | $317,500 | $325,556 |
| Tempe AZ 85282 | $310,000 | $331,300 |
| Tempe AZ 85283 | $350,000 | $363,403 |
| Tempe AZ 85284 | $488,400 | $501,521 |
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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