2019 Tempe AZ Housing Market Trends Report, Statistics and House Value

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.

Here are 2019 Tempe AZ Housing Market Update and statistics for single family detached home for 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.

2019 Tempe AZ Housing Market Trends Report Highlights:

2019 new listings for homes for sale had decreased about 6.2% from a year ago
2019 Average Sold Price for Single Family Home in Tempe is $365,940 and had increased about 5.4% from 2018
Tempe single family homes median sold price in 2019 was $338,000, which had increased about 8.9% from a year ago
Almost all of single family home sold in Tempe in 2019 are traditional sales
2019 most expansive home sold in Tempe was sold for $1,725,000

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

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Tempe AZ 2019 Closed Sales Report Analysis
Based on statistics, we saw about 2.7% decreased in the number of single family homes sold in 2019 compared to a year ago. The statistics show that we had 1,421 single family homes sold in 2019 in Tempe AZ compared to 1,460 in 2018.

In 2019, we saw 55 days on Market (DOM), compare to 53 in 2018. It took average 55 days to get your Tempe home sold in 2019.

2019 Tempe Median Sold Price for Single Family Homes
2019 median sold price for single family home in Tempe is $338,000. Compare to a year ago, 2018 median sold price was $310,500. The median sold price for single family home in Tempe had appreciated about 8.9% from a year ago.

2019 Tempe Median Sold Price was $338,000
Click here to view Homes for Sale in Tempe AZ Under $325,000
Tempe AZ 2019 Average Sold Price Analysis
2019 average sold price for single family homes in Tempe AZ is $365,940. Compare to last year at $347,194, the average sold price has increased about 5.4% from a year ago.

There are 11 million dollars homes sold in Tempe in 2019 compare to 12 in 2018.

2019 Tempe Average Sold Price was $365,940
Click here to view Homes for Sale in Tempe AZ Under $350,000
2019 Average Sold Price Per Square Feet
The price per square feet for 2019 in Tempe is $191.00 per square feet.

2019 Tempe Average Sold Price per square feet was $191
Click here to view Homes for Sale in Tempe AZ Under $150 per square feet
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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