May 2019 Tempe AZ Real Estate Housing Market Trends Report, Statistics and House Value
Here are May 2019 Tempe AZ housing market update and statistics for single family detached home for May 2019. 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 2019 new listing for homes for sale had increased about 15.8% from a year ago
- May 2019 Average Sold Price for Single Family Home in Tempe is $360,048 and had decreased about 0.1% from May 2018
- Median Sold Price in May 2019 was $324,950, which had increased about 0.5% from a year ago
- About 99% of single family home sold in Tempe in May 2019 are traditional sales
- May 2019 most expansive home sold in Tempe was sold for $825,000
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Tempe AZ May 2019 Closed Sales Report Analysis
Based on statistics, we saw about 7.5% increased in the number of single family homes sold in May 2019 compared to a year ago. The statistics show that we had 148 single family homes sold in May 2019 in Tempe AZ compared to 160 in May 2018.
In May 2019, we saw 59 days on Market (DOM), compare to 40 in May 2018. It took average 59 days to get your Tempe home sold in May 2018.
May 2019 Tempe Median Sold Price for Single Family Homes
May 2019 median sold price for single family home in Tempe is $324,950. Compare to a year ago, May 2018 median sold price was $323,000. The median sold price for single family home in Tempe had appreciated about 0.5% from a year ago.
Click here to view Homes for Sale in Tempe AZ Under $315,000
Tempe AZ May 2019 Average Sold Price Analysis
May 2019 average sold price for single family homes in Tempe AZ is $360,048. Compare to last year May at $360,417, the average sold price has decreased about 0.1% from a year ago.
Click here to view Homes for Sale in Tempe AZ Under $350,000
May 2018 Average Sold Price Per Square Feet
The price per square feet for May 2019 in Tempe is $188.00 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.
May 2019 Housing Market Update by Tempe zipcode
| Tempe AZ Zipcode | Median Sold Price | Average Sold Price |
| Tempe AZ 85281 | $321,000 | $314,201 |
| Tempe AZ 85282 | $309,500 | $320,664 |
| Tempe AZ 85283 | $339,450 | $380,351 |
| Tempe AZ 85284 | $412,500 | $498,510 |
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.
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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