July 2018 Tempe AZ Housing Market Trends Report, Statistics and House Value
Here are Tempe AZ housing market trends report and statistics for single family detached home for July 2018. 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.
- July 2018 New listing for homes for sale had decreased about 0.7% from a year ago
- July 2018 Average Sold Price for Single Family Home in Tempe is $360,203 and had increased about 18.2% from July 2017
- Median Sold Price in July 2018 was $313,000, which had increased about 11.5% from a year ago
- About 99% of single family home sold in Tempe in July 2018 are traditional sales
- July 2018 most expansive home sold in Tempe was sold for $1,725,000
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Tempe AZ July 2018 Closed Sales Report Analysis
Based on statistics, we saw about 18.3% decreased in the number of single family homes sold in July 2018 compared to a year ago. The statistics show that we had 125 residential single family homes sold in July 2018 in Tempe AZ compared to 153 in July 2017.
In July 2018, we saw 53 days on Market (DOM), compare to 51 in July 2017. It took average 53 days to get your Tempe home sold in July 2018.
July 2018 Tempe Median Sold Price for Single Family Homes
July 2018 median sold price for single family home in Tempe is $313,000. Compare to a year ago, 2016 median sold price was $280,600. The median sold price for single family home in Tempe had appreciated about 11.5% from a year ago.
Click here to view Homes for Sale in Tempe AZ Under $300,000
Tempe AZ July 2018 Average Sold Price Analysis
July 2018 average sold price for single family homes in Tempe AZ is $360,203. Compare to last year July at $304,759, the average sold price has increased about 18.2% from a year ago. There are one over million dollar homes sold in July 2018.
Click here to view Homes for Sale in Tempe AZ Under $350,000
The price per square feet for July 2018 in Tempe is $186.00 per square feet.
Based on statistics on both of median sold price and average sold price, buyers are paying more for a single family homes in Tempe AZ compare to a year ago.
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.
July 2018 Housing Market Update by Tempe zipcode
| Tempe AZ Zipcode | Median Sold Price | Average Sold Price |
| Tempe AZ 85281 | $297,500 | $312,673 |
| Tempe AZ 85282 | $287,800 | $295,471 |
| Tempe AZ 85283 | $305,000 | $326,372 |
| Tempe AZ 85284 | $454,700 | $520,409 |
Wondering how much house you can afford?
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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.
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