February 2020 Tempe AZ Housing Market Trends Report, Statistics and House Value

Here are February 2020 Tempe AZ Housing Market Update and statistics for single family detached home for February 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 provided by the FlexMLS system.

February 2020 Tempe AZ Housing Market Trends Report Highlights:

February 2020 new listings for homes for sale had decreased about 16.4% from a year ago
February 2020 Average Sold Price for Single Family Home in Tempe is $375,283 and had increased about 12.8% from February 2019
Median Sold Price in February 2020 was $338,450, which had increased about 6.8% from a year ago
About 99% of single family home sold in Tempe in February 2020 are traditional sales
February 2020 most expansive home sold in Tempe was sold for $1,266,000

February 2020 Tempe AZ Housing Market Update by Swee Ng, Real Estate and House Value

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Tempe AZ February 2020 Closed Sales Report Analysis
Based on February 2020 statistics, we saw about 5.1% increased in the number of single family homes sold in February 2020 compared to a year ago. The statistics show that we had 104 single family homes sold in February 2020 in Tempe AZ compared to 99 in February 2019.

In February 2020, we saw 45 days on Market (DOM), compare to 65 in February 2019. It took average 45 days to get your Tempe home sold in February 2020.

February 2020 Tempe Median Sold Price for Single Family Homes
February 2020 median sold price for single family home in Tempe is $338,450. Compare to a year ago, February 2019 median sold price was $317,000. The median sold price for single family home in Tempe had appreciated about 6.8% from a year ago.

February 2020 Tempe Median Sold Price was $338,450
Click here to view Homes for Sale in Tempe AZ Under $325,000
Tempe AZ February 2020 Average Sold Price Analysis
February 2020 average sold price for single family homes in Tempe AZ is $375,283. Compare to last year February at $332,748, the average sold price has increased about 12.8% from a year ago.

There are only one million dollars homes sold in Tempe in February 2020.

February 2020 Tempe Average Sold Price was $375,283
Click here to view Homes for Sale in Tempe AZ Under $350,000
February 2020 Average Sold Price Per Square Feet
The price per square feet for February 2020 in Tempe is $201.00 per square feet.

February 2020 Tempe Average Sold Price per square feet was $201
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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