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.
We can currently see (84) homes available in Tempe today.
Our Median Sales Price for May was $463,500, up 28.1% from $361,950 in May of 2020 and up 3.0% from $450,000 last month. The average sales price in May was $492,469, up 26.3% from $389,841 in May of 2020 and down -5.1% from $518,838 last month. May 2021 ASP was at highest level compared to May of 2020 and 2019. (more Market Report below photos)
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 – We are located next to Paradise Valley (See Map Here) ~ You can also find us at Paradise Valley Homes 🙂
Some Real Estate listings in Tempe, AZ
Monthly Market Report
May property sales were 132, up from 94 in May of 2020 and -2.9% lower than the 136 sales last month. May 2021 sales were at a mid level compared to May of 2020 and 2019. May YTD sales of 622 are running 22.0% ahead of last year's year-to-date sales of 510.
The total inventory of properties available for sale as of May was 118, up 16.8% from 101 last month and down -18.6% from 145 in May of last year. May 2021 Inventory was at the lowest level compared to May of 2020 and 2019.
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 May was 13, down from 18 days last month and down from 24 days in May of last year. The May 2021 DOM was at its lowest level compared with May of 2020 and 2019.
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 May 2021 selling price per square foot of $263 was up 2.3% from $257 last month and up 27.7% from $206 in May of last year.