April 2019 Tempe AZ Real Estate Housing Market Update, Statistics and House Value

Here are Tempe AZ housing market trends report and statistics for single family detached home for April 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.

April 2019 Tempe AZ Housing Market Trends Report Highlights

April 2019 new listing for homes for sale had decreased about 22.1% from a year ago
April 2019 Average Sold Price for Single Family Home in Tempe is $367,250 and had increased about 1.4% from April 2018
Median Sold Price in April 2019 was $335,885, which had increased about 8.4% from a year ago
About 99% of single family home sold in Tempe in April 2019 are traditional sales
April 2019 most expansive home sold in Tempe was sold for $1,425,000

April 2019 Tempe AZ Housing Market Update by Swee Ng, Real Estate and House Value

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Tempe AZ April 2019 Closed Sales Report Analysis
Based on statistics, we saw about 5.2% increased in the number of single family homes sold in April 2019 compared to a year ago. The statistics show that we had 142 single family homes sold in April 2019 in Tempe AZ compared to 135 in April 2018.

In April 2019, we saw 56 days on Market (DOM), compare to 53 in April 2018. It took average 56 days to get your Tempe home sold in April 2018.

April 2019 Tempe Median Sold Price for Single Family Homes
April 2019 median sold price for single family home in Tempe is $335,885. Compare to a year ago, April 2018 median sold price was $310,000. The median sold price for single family home in Tempe had appreciated about 5.7% from a year ago.

April 2019 Tempe Median Sold Price was $335,885
Click here to view Homes for Sale in Tempe AZ Under $315,000
Tempe AZ April 2019 Average Sold Price Analysis
April 2019 average sold price for single family homes in Tempe AZ is $367,250. Compare to last year April at $362,344, the average sold price has increased about 1.4% from a year ago.

April 2019 Tempe Average Sold Price was $367,250
Click here to view Homes for Sale in Tempe AZ Under $325,000
April 2018 Average Sold Price Per Square Feet
The price per square feet for April 2019 in Tempe is $186.00 per square feet.

April 2019 Tempe Average Sold Price per square feet was $186
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.

Did You Know?" A 1% increase in interest rates, can reduce buying power almost to 10%!!Read How rising interest rates will impact housing affordability?

April 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.

What My Tempe House is Worth Today?

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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