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2020 Tempe AZ Housing Market Update

Tempe AZ Real Estate Housing Market Update

Tempe AZ Real Estate Housing Market Update

📈 2020 Tempe AZ Housing Market Trends Report, Statistics and House Value

Here are 2020 Tempe AZ Housing Market Update and statistics for single family home for 2020. 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 as 1/8//2021, provided by the FlexMLS system.

2020 Tempe AZ Housing Market Update Highlights:
  • 2020 new listings for homes for sale had increased about 1.1% from a year ago
  • 2020 average sold price for single family home in Tempe is $417,166 and had appreciated about 14.0% from 2019
  • Median sold price in 2020 was $376,000, which had increased about 11.2% from a year ago
  • Almost all of single family home sold in Tempe in 2020 are regular sales
  • 2020 most expansive home sold in Tempe was sold for $2,037,000

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Number of Home Sold Tempe AZ 2020

Based on 2020 statistics, we saw about 1.9% increased in the number of single family homes sold in 2020 compared to a year ago. The 2020 statistics show that we had 1,448 single family homes sold in Tempe AZ compared to 1,421 in 2019.

In 2020, we saw 41 days on Market (DOM), compare to 55 in 2019. It took average 41 days to get your Tempe home sold in 2020.

2020 Tempe Median Sold Price

2020 median sold price for single family home in Tempe is $376,000. Compare to a year ago, 2019 median sold price was $338,000. The median sold price for single family home in Tempe had appreciated about 11.2% from a year ago.

2020 Tempe Median Sold Price was $376,000
Click here to view Homes for Sale in Tempe AZ Under $375,000

Tempe AZ 2020 Average Sold Price

Tempe AZ 2020 average sold price for single family homes is $417,166. Compare to last year at $365,940, the average sold price has increased about 14.0% from a year ago.

There are 20 million dollars homes sold in Tempe in 2020.

2020 Tempe Average Sold Price was $417,166
Click here to view Homes for Sale in Tempe AZ Under $415,000

2020 Average Sold Price Per Square Feet

The average sold price per square feet for 2020 in Tempe is $215 per square feet, compare to $191 a year ago.

2020 Tempe Average Sold Price per square feet was $215
Click here to view Homes for Sale in Tempe AZ Under $150 per square feet

2020 Tempe AZ Monthly Housing Market Report

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Tempe AZ Single Family Home Price 2000 – 2020

Understanding the general direction of the Tempe AZ housing market conditions and home prices is vital importance to both buyers and sellers. These information help you make a more informed decision when buying or selling a home in Tempe AZ.

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.

💡 Did You Know?
A 1% increase in interest rates, can reduce buying power almost to 10%!! Read How rising interest rates will impact housing affordability?

Wondering how much house you can afford?

Click here to access housing mortgage payment calculator. Simply add in the price of the home you are considering and the calculator will return your estimated house payment. Change length of loan and interest rates to adjust results.


Selling Your Home in Tempe AZ

Contact or call Swee Ng at 480.721.6253 today to discuss your potential Tempe AZ Home Price 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.

What My Tempe House is Worth Today?

Swee Ng, Realtor and Phoenix East Valley resident 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, we hope you will consider us. Contact us today for complimentary consultation.

New Listings in Last 24 Hours Tempe AZ

Homes for Sale Tempe
Homes for Sale Under $200,000Homes for Sale $600,000 - $700,000
Homes for Sale $200,000 - $300,000Homes for Sale $700,000 - $800,000
Homes for Sale $300,000 - $400,000Homes for Sale $800,000 - $900,000
Homes for Sale $400,000 - $500,000Homes for Sale $900,000 - $1,000,000
Homes for Sale $500,000 - $600,000Homes for Sale Over $1,000,000
Single Story HomesHomes with Pool
Homes in Gated CommunityHomes with Guest House
Just Reduce Priced HomesRecently Sold Homes

Just Reduced Price Homes for Sale Tempe AZ

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We would love the opportunity to help you for your real estate needs in Phoenix area! ☎️ Call or 📱 text us at 480-721-6253 today.

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Summary
Article Name
2020 Tempe AZ Housing Market Trends Report
Description
2020 Tempe AZ Housing Market Trends Report, Statistics and House Value. Average sold price for single family home in Tempe is $417,166 and had appreciated about 14.0% from 2019.
Author
Publisher Name
Swee Ng Realtor® with HomeSmart
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