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Swee Ng
Tempe AZ Housing Market Trends Report, Home Price and Statistic May 2016
May 2016 Tempe AZ Real Estate Market Highlight:- Active listing (Inventory) had Increased 38.4% from April 2016
- May 2016 Average Sold Price for Single Family Home in Tempe was $334,110 that was 5.7% Increased from April
- Median Sold Price in May 2016 was $265,000 and had Decreased 3.6% from April
- 98% of Single Family Detached Homes sold in May 2016 are Traditional Sale
- Most expensive home sold in May 2016 in Tempe AZ was sold for $4,300,000 Click here to view
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Here are Tempe AZ Real Estate – Single Family Detached Home statistics for May 2016. 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 2016 Tempe AZ Closed Sales Report Analysis
We saw a 12.4% increase in the number of homes sold in May 2016 compared to the prior month. The statistics show that we had 145 residential Single Family Detached Homes sold in May 2016 in Tempe AZ compared to 129 in April. This compares to 146 closed sales in May of last year.
Based on statistic data, May 2016 Days on Market (DOM) is 72, which is same as last month. It take about 72 days to get your Tempe AZ home sold in May 2016.
| Tempe AZ Zipcode | Median Sold Price | Average Sold Price |
| Tempe AZ 85281 | $265,000 | $285,900 |
| Tempe AZ 85282 | $238,000 | $242,385 |
| Tempe AZ 85283 | $269,950 | $333,150 |
| Tempe AZ 85284 | $383,000 | $563,976 |
Tempe AZ May 2016 Average Sold Price Analysis
Average Sold Price for Single Family Detached Homes in May 2016 was $334,110. This Average Sold Price has increased 5.7% from April. Compare to May 2015 Average Sold Price $296,379, that was about 12.7% appreciation from a year ago.
The average sold price per sq/ft in May 2016 was $161 per sq/ft. This compare to $155 per sq/ft in April and $149 per sq/ft from a year ago.
May 2016 Tempe AZ Median Sold Price Analysis
May 2016 Median Sold Price for Single Family Detached Homes in Tempe AZ was $265,000. This median sold price is about decreased 3.6% from April. Compare to May 2015 Median Sold Price $257,000, that about 3.1% appreciation from a year ago.
Click here to view Tempe AZ Real Estate Listing under $250,000
Based on statistics data, we can see that Buyers today are paying more to buy a house from a year ago.
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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Homes for Sale in Tempe AZ by Price Range
- Homes for Sale Under $100,000
- Homes for Sale $100,000 – $150,000
- Homes for Sale $150,000 – $200,000
- Homes for Sale $200,000 – $250,000
- Homes for Sale $250,000 – $300,000
- Homes for Sale $300,000 – $350,000
- Homes for Sale $350,000 – $400,000
- Homes for Sale $400,000 – $450,000
- Homes for Sale $450,000 – $500,000
- Homes for Sale $500,000 – $550,000
- Luxury Homes for Sale $550,000 – $600,000
- Luxury Homes for Sale $600,000 – $700,000
- Luxury Homes for Sale $700,000 – $800,000
- Luxury Homes for Sale $800,000 – $900,000
- Luxury Homes for Sale $900,000 – $1,000,000
- Luxury Homes for Sale Over $1,000,000
- Just Listed Homes in Last 2 Days
- Homes with Private Pool
- Single Level Homes
- Homes with 3 Car Garage
- Two Level Homes
- Homes with NO HOA
- Homes with Community Pool
- Homes in Gated Community
- Homes with Fireplace
- Homes with Guest House
- Homes with RV Gate
- Horse Properties for Sale
- Homes with Basement
- Homes in Corner Lot
- Homes in Cul-De-Sac
- Homes with Golf Course Lot
- Homes with Mountain Vie
- Homes with North/South Exposure
- Homes with 9+ft Ceilings
- Homes with Vaulted Ceilings
- Homes with Other Bedrooms Downstairs
- Homes with Loft
- Waterfront Homes for Sale
- Bank Owned Properties Real Estate Listings
- Short Sale Real Estate Listings
- Homes for Sale Tempe AZ 85281
- Homes for Sale Tempe AZ 85282
- Homes for Sale Tempe AZ 85283
- Homes for Sale Tempe AZ 85284
Swee Ng, Realtor 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 Tempe AZ area, I would like the opportunity to be interviewed for the job. Contact Us today for complimentary and no obligation consultation.
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Posted in: 2016, Average Sold Price, Home Price, House Value, Inventory Trends, Median Sold Price, Price Trends, Tempe
