October 2015 Tempe AZ Real Estate Market Highlight:

• Active listing (Inventory) has Increased 7.1% from September 2015
• October 2015 Average Sold Price in Tempe is $276,342 and has Increased 3.2% from a year ago
• Median Sold Price in October 2015 is $243,000 and has Decreased 4.7% from September 2015
• 98% of Single Family Detached Homes sold are Traditional Sale
• Most expensive home sold in October 2015 in Tempe was sold for $825,000 Click here to view

Here are Tempe AZ Real Estate – Single Family Detached Home statistics for October 2015. 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.

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Tempe AZ October 2015 Closed Sales Report Analysis:
We saw a 17.4.9% decrease in the number of closed sales in October 2015 compared to the prior month. The statistics show that we had 90 residential Single Family Detached Homes sold in October 2015 in Tempe AZ compared to 109 in September 2015. This compares to 94 closed sales in October of last year. In today’s market sellers need to continue to be diligent in pricing when putting their homes on market for sale.

Based on statistic data, October 2015 Days on Market (DOM) is 50 compare to 53 in September. It take about 53 days to get your Tempe AZ home sold in October 2015.

Tempe AZ October 2015 Average Sold Price Analysis:
October 2015 Average Sold Price for Single Family Detached Homes in Tempe AZ is $276,342. This Average Sold Price has decreased 0.3% from September 2015.However October 2015 Average Sold Price has increased 3.2% from a year ago.

October 2015 Tempe AZ Median Sold Price Analysis
October 2015 Median Sold Price for Single Family Detached Homes in Tempe AZ was $243,000. This median sold price is 4.7% decreased from September 2015.

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.

Selling Your Home in Tempe, AZ?
Contact Us or call Swee Ng, Tempe Real Estate Agent at 480.721.6253 today to discuss your potential Tempe AZ House Value 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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