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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 (147) 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
November property sales were 156, up from 146 in November of 2018 and -20.0% lower than the 195 sales last month. November 2019 sales were at a mid level compared to November of 2018 and 2017. November YTD sales of 2,128 are running 1.2% ahead of last year's year-to-date sales of 2,103.
The median sales price in November was $306,000, up 12.2% from $272,750 in November of 2018 and up 2.0% from $300,000 last month. The average sales price in November was $338,123, up 7.4% from $314,891 in November of 2018 and up 5.0% from $321,934 last month. November 2019 ASP was at highest level compared to November of 2018 and 2017.
The total inventory of properties available for sale as of November was 235, up 10.3% from 213 last month and down -37.7% from 377 in November of last year. November 2019 Inventory was at the lowest level compared to November 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 November was 23, down from 29 days last month and down from 40 days in November of last year. The November 2019 DOM was at its lowest level compared with November 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 November 2019 selling price per square foot of $191 was down -5.0% from $201 last month and up 5.5% from $181 in November 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 November 2019 selling price vs list price of 97.8% was up from 97.6% last month and up from 95.9% in November of last year.