📈 2020 October Tempe AZ Housing Market Trends Report, Statistics and House Value
Here are October 2020 Tempe AZ Housing Market Update and statistics for single family detached home for October 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 as 11/4/2020, provided by the FlexMLS system.
- October 2020 new listings for homes for sale had increased about 11.9% from a year ago
- October 2020 average sold price for single family home in Tempe is $449,203 and had increased about 15.7% from October 2019
- Median sold price in October 2020 was $402,000, which had increased about 14.9% from a year ago
- Almost all of single family home sold in Tempe in October 2020 are regular sales
- October 2020 most expansive home sold in Tempe was sold for $1,225,000
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Based on October 2020 statistics, we saw about 18.8% increased in the number of single family homes sold in October 2020 compared to a year ago. The statistics show that we had 139 single family homes sold in October 2020 in Tempe AZ compared to 117 in October 2019.
In October 2020, we saw 35 days on Market (DOM), compare to 49 in October 2019. It took average 35 days to get your Tempe home sold in October 2020.
October 2020 Tempe Median Sold Price
October 2020 median sold price for single family home in Tempe is $402,000. Compare to a year ago, October 2019 median sold price was $350,000. The median sold price for single family home in Tempe had appreciated about 14.9% from a year ago.
Click here to view Homes for Sale in Tempe AZ Under $400,000
Tempe AZ October 2020 Average Sold Price
October 2020 average sold price for single family homes in Tempe AZ is $449,203. Compare to last year October at $388,091, the average sold price has increased about 15.7% from a year ago.
There are 2 million dollars homes sold in Tempe in October 2020.
Click here to view Homes for Sale in Tempe AZ Under $450,000
October 2020 Average Sold Price Per Square Feet
The price per square feet for October 2020 in Tempe is $226.00 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.
October 2020 Housing Market Update by Tempe zipcode
| Tempe AZ Zip code | Median Sold Price | Average Sold Price |
| Tempe AZ 85281 | $375,000 | $388,435 |
| Tempe AZ 85282 | $395,000 | $384,332 |
| Tempe AZ 85283 | $387,600 | $431,061 |
| Tempe AZ 85284 | $550,000 | $602,697 |
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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