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 (128) homes available in Tempe today. (Inventory is dropping)
Our Median Sales Price for Tempe Homes in May was $359,000, up 10.7% from $324,200 in May of 2019 and down -0.3% from $360,000 last month. The average sales price in May was $390,071, up 8.8% from $358,409 in May of 2019 and up 1.9% from $382,956 last month. May 2020 ASP was at highest level compared to May 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
May property sales were 93, down from 152 in May of 2019 and equal to 0.0% 93 sales last month. May 2020 sales were at their lowest level compared to May of 2019 and 2018. May YTD sales of 510 are running -16.1% behind last year's year-to-date sales of 608.
The total inventory of properties available for sale as of May was 210, up 11.7% from 188 last month and up 1.9% from 206 in May of last year. May 2020 Inventory was at highest level compared to May 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 May was 23, up from 20 days last month and down from 42 days in May of last year. The May 2020 DOM was at its lowest level compared with May 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 May 2020 selling price per square foot of $206 was down -2.4% from $211 last month and up 10.2% from $187 in May of last year.