About Tempe Arizona Homes
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Tempe Arizona Homes are found North of Chandler, West of Mesa, and on the South Side of Scottsdale, Arizona. Your Search Results will appear below showing the “Newest Listings” first. Fine-Tune those results by simply adding more of your own criteria in the form provided below, for better and Quick Results!! Simply “click” on the home photos to display all the details for your selected home.
We can currently see (110) homes available in Tempe today.
Our Median Sales Price for Tempe Homes in January was $313,000, up 11.4% from $281,000 in January of 2019 and down -0.6% from $315,000 last month. The average sales price in January was $330,758, up 15.9% from $285,491 in January of 2019 and up 4.0% from $317,906 last month. January 2020 ASP was at highest level compared to January of 2019 and 2018.
Whether you’re thinking about buying or selling, you can contact us directly to discuss your local market. We’d love to be your trusted real estate adviser if you’re looking to make a change this year. Please feel free to contact us with any questions, as we will be happy to hear from you – Thanks!! (480)208-7955
Some Real Estate listings in Tempe, AZ
Monthly Market Report
January property sales were 147, up from 139 in January of 2019 and -2.0% lower than the 150 sales last month. January 2020 sales were at their highest level compared to January of 2019 and 2018. January YTD sales of 147 are running 5.8% ahead of last year's year-to-date sales of 139.
The total inventory of properties available for sale as of January was 220, up 16.4% from 189 last month and down -35.5% from 341 in January of last year. January 2020 Inventory was at the lowest level compared to January of 2019 and 2018.
The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer's market, a downward trend a move towards more of a seller's market. The DOM for January was 35, up from 28 days last month and down from 50 days in January of last year. The January 2020 DOM was at its lowest level compared with January of 2019 and 2018.
Selling Price per Square Foot
The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the 'mix' of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The January 2020 selling price per square foot of $199 was up 1.0% from $197 last month and up 9.3% from $182 in January of last year.
Selling Price vs Original Listing Price
The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer's market exists, a ratio at or above 100% indicates more of a seller's market. The January 2020 selling price vs list price of 97.3% was down from 97.6% last month and up from 96.2% in January of last year.