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 (109) homes available in Tempe today. (Inventory is dropping)
Our Median Sales Price for Tempe Homes in June was $382,500, up 9.3% from $350,000 in June of 2019 and up 5.7% from $361,950 last month. The average sales price in June was $407,396, up 5.7% from $385,477 in June of 2019 and up 4.5% from $389,841 last month. June 2020 ASP was at highest level compared to June of 2019 and 2018. (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
June property sales were 148, up from 129 in June of 2019 and 57.4% higher than the 94 sales last month. June 2020 sales were at their highest level compared to June of 2019 and 2018. June YTD sales of 659 are running -10.6% behind last year's year-to-date sales of 737.
The total inventory of properties available for sale as of June was 178, up 20.3% from 148 last month and down -9.2% from 196 in June of last year. June 2020 Inventory was at the lowest level compared to June 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 June was 30, up from 24 days last month and down from 40 days in June of last year. The June 2020 DOM was at a mid range compared with June 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 June 2020 selling price per square foot of $209 was up 1.5% from $206 last month and up 8.3% from $193 in June of last year.