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 (136) homes available in Tempe today.
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
Corey Frederic –
Coldwell Banker Residential Brokerage
Some Real Estate listings in Tempe, AZ
Monthly Market Report
August property sales were 236, up from 205 in August of 2018 and 9.3% higher than the 216 sales last month. August 2019 sales were at a mid level compared to August of 2018 and 2017. August YTD sales of 1,567 are running -2.0% behind last year's year-to-date sales of 1,599.
The median sales price in August was $303,900, up 12.1% from $271,000 in August of 2018 and up 1.3% from $300,000 last month. The average sales price in August was $305,993, up 6.0% from $288,729 in August of 2018 and down -1.2% from $309,655 last month. August 2019 ASP was at highest level compared to August of 2018 and 2017.
The total inventory of properties available for sale as of August was 249, down -2.0% from 254 last month and down -37.3% from 397 in August of last year. August 2019 Inventory was at the lowest level compared to August of 2018 and 2017.
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 August was 36, up from 28 days last month and up from 26 days in August of last year. The August 2019 DOM was at a mid range compared with August of 2018 and 2017.
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 August 2019 selling price per square foot of $192 was up 0.5% from $191 last month and up 3.8% from $185 in August 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 August 2019 selling price vs list price of 96.7% was down from 98.2% last month and down from 97.0% in August of last year.