Tempe Home Values & Housing Trends - How's the Market?
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Please note, that all references to average DAYS ON MARKET in these charts on this page represent the time a home was listed as "Active" in the MLS, and available for buyers to place offers.
Buyer's market = more than 6 months of inventory based on closed sales Seller's market = less than 3 months of inventory based on closed sales Neutral market = 3 - 6 months of inventory based on closed sales
Tempe Housing Market Stats
Tempe Home Inventory Levels
The total home inventory is simply the number of homes currently available for purchase in a given market area. Typically, as the number of available homes goes down, prices increase - due to simple supply and demand. However, this increase can be limited by the income of prospective buyers as well. The chart below shows a trailing 12 month average of housing inventory in Tempe.
Tempe Sold Real Estate Stats
ARMLS does not allow TCT Real Estate to pull property information on sold homes. We apologize for this inconvenience. However, we have included some real time market information below that will give you an idea of trends regarding sold homes in Tempe. Feel free to contact us for more information, or request a FREE Home Value Report below.
Number of Homes Sold In Tempe, AZ
Average Selling Price of Homes in Tempe, AZ
The median home price is one of the most common measurements used to compare real estate prices in different markets, areas, and periods of time. It is said to be less biased than the average price, since it is not as heavily influenced by small number of high and/or low-priced homes. Below are the average and median home price statistics in Tempe over the previous 12 month period. Note, these should be used as a guide to see how prices may be increasing or decreasing. Keep in mind that price range segments will often fluctuate independently due to different buyer demand in different areas.
Average Days On Market
Percent of Closing Price To Listed Price
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