Tempe AZ January 2017 Housing Market Trends Report

Tempe AZ January 2017 Housing Market Report, House Value and Real Estate Listings

2017 January Tempe AZ Real Estate Market Highlight:

  • Active listing (Inventory) had Increased 10.7% from December 2016
  • January 2017 Average Sold Price for Single Family Home in Tempe was $319,104 and that was about 8.5% Increased from December 2016
  • Median Sold Price in January 2017 was $276,000 and that’s about 4.7 Increased from December
  • 99% Single Family Detached Homes sold in January 2017 are Traditional Sale
  • Most expensive home sold in January 2017 in Tempe AZ was sold for $1,100,000 Click here to view

Tempe AZ January 2017 Housing Market Trends Report by Swee Ng, House Value and Real Estate Listings

Here are Tempe AZ Real Estate – Single Family Detached Home statistics for January 2017. Be sure to Contact Us, if you have any questions about this report or about how the market is performing. This report includes MLS data for the past 12 months for Tempe AZ provided by the FlexMLS system.

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January 2017 Tempe AZ Closed Sales Report Analysis
We saw a 0.9% decreased in the number of homes sold in January 2017 compared to the prior month. The statistics show that we had 110 residential Single Family Detached Homes sold in January 2017 in Tempe AZ compared to 111 in December. This compares to only 99 closed sales in January of last year.

Based on statistic data, January 2017 Days on Market (DOM) is 81, compare to 64 in previous month. It take about 81 days to get your Tempe AZ home sold in January 2017.

Also Read: 2016 Tempe AZ Housing Market Trends Report
January 2017 Tempe AZ Median Sold Price Analysis
Median Sold Price for Single Family Detached Homes in January 2017 in Tempe AZ was $276,000. This median sold price had increased about 4.2% from a month ago. Compare to January 2016 Median Sold Price $263,000, that about 4.9% appreciation from a year ago.

January 2017 Tempe AZ Median Sold Price for was $276,000. Click here to view Tempe AZ Homes for Sale Under $250,000

January 2017 Housing Market Trends Report by Tempe zipcode

Tempe AZ ZipcodeMedian Sold PriceAverage Sold Price
Tempe AZ 85281$256,400$295,831
Tempe AZ 85282$266,000$264,833
Tempe AZ 85283$259,900$276,648
Tempe AZ 85284$462,500$514,950

Tempe AZ January 2017 Average Sold Price Analysis
Average Sold Price for Single Family Detached Homes in January 2017 was $319,104. This Average Sold Price had increased about 8.5% from a month ago. Compare to January 2016 Average Sold Price $296,364, that was about 7.7% in appreciation from a year ago.

January 2017 Tempe AZ Average Sold Price for was $319,104. Click here to view Tempe AZ Homes for Sale Under $300,000
The average sold price per square feet in January 2017 was $160 per square feet, which is same as in previous month. This compare to $156 per square feet from a year ago.

Based on statistics data, we can see that Buyers today are paying more to buy a house from a year ago.

As a reminder, you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying. Blended statistics will not be as accurate as a more detailed report we can provide to help you with your decision making.

Selling Your Home in Tempe AZ
Contact Us or call Swee Ng, Tempe Real Estate Agent at 480.721.6253 today to discuss your potential Tempe AZ House Value and our comprehensive marketing plan. We will prepare complimentary competitive market analysis (CMA) to find out what your Home is worth at today’s market.

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Swee Ng, Realtor specializing in win-win real estate transaction through great communication and fighting for his clients’ best interest. After all, this is more than real estates, this is about your life and your dreams.

If you are looking to buy or sell your home in Tempe AZ area, I would like the opportunity to be interviewed for the job. Contact Us today for complimentary and no obligation consultation. I hope that you will put my experience, knowledge, service and professionalism to work for you.

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