May 2018 Tempe AZ Housing Market Trends Report, Statistics and House Value
Here are Tempe AZ housing market trends report and statistics for single family detached home for May 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.
- May 2018 New listing for homes for sale had decreased about 33.9% from a year ago
- May 2018 Average Sold Price for Single Family Home in Tempe is $360,417 and had increased about 11.5% from May 2017
- Median Sold Price in May 2018 was $323,300, which had increased about 9.6% from a year ago
- About all of single family home sold in Tempe in May 2018 are traditional sales
- May 2018 most expansive home sold in Tempe was sold for $1,125,000
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Tempe AZ May 2018 Closed Sales Report Analysis
Based on May 2018 statistics, we saw about 6.0% increased in the number of single family homes sold in May 2018 compared to a year ago. The statistics show that we had 160 residential single family homes sold in May 2018 in Tempe AZ compared to 151 in May 2017.
In May 2018, we saw 40 days on Market (DOM), compare to 57 in May 2017. It took average 40 days to get your Tempe home sold in May 2018.
May 2018 Tempe Median Sold Price for Single Family Homes
May 2018 median sold price for single family home in Tempe is $323,300. Compare to a year ago, 2016 median sold price was $295,000. The median sold price for single family home in Tempe had appreciated about 9.6% from a year ago.
Click here to view Homes for Sale in Tempe AZ Under $300,000
Tempe AZ May 2018 Average Sold Price Analysis
May 2018 average sold price for single family homes in Tempe AZ is $360,417. Compare to last year May at $323,375, the average sold price has increased about 11.5% from a year ago. There are one over million dollar homes sold in May 2018.
Click here to view Homes for Sale in Tempe AZ Under $350,000
The price per square feet for May 2018 in Tempe is $178.00 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.
May 2018 Housing Market Update by Tempe zipcode
| Tempe AZ Zipcode | Median Sold Price | Average Sold Price |
| Tempe AZ 85281 | $323,444 | $319,375 |
| Tempe AZ 85282 | $315,000 | $311,773 |
| Tempe AZ 85283 | $299,000 | $321,856 |
| Tempe AZ 85284 | $450,000 | $503,296 |
Wondering how much house you can afford?
Click here to access housing mortgage 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 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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