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Tempe AZ Real Estate Housing Market Report - October 2021

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Real Estate Agent with HomeSmart License # SA577557000
Here is the most recent Tempe AZ Real Estate Housing Market Report for October 2021:
 
The average sales price of Tempe homes for October increased for the second straight month, this time by $22,542, up to $535,465. After dropping $21,421 in July, and another $11,233 drop in August, this continues to be a good sign for the fall. At the same time, the average sold price per square foot increased in October, from $277/sf to $279/sf, after decreasing in September.
 
Days on market increased for the fourth straight month, up to 32 DOM in October after recording an all-time low of 22 DOM in May and June.
 
Click on the image below to read the full article, and see what is going on in the Tempe Arizona real estate market.
 
 
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.
"Real Estate is not just a job for me,
it's about making a difference in the lives of others"
       
Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
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         Contact Troy Erickson, Realtor®, Good Company Real Estate

Licensed Residential Realtor® in Arizona at 602-295-6807

 

Reach out to me for all your Phoenix, Chandler, Ahwatukee, Tempe, Gilbert, and Scottsdale, Arizona Real Estate needs.

 

Check out our website for all Arizona Real Estate and Homes For Sale in subdivisions like Sun Lakes, Ocotillo, Lakewood, Mountain Park Ranch, Pepperwood, Circle G Ranches, and many others throughout the East Valley.

 

"Real Estate is more than just about a job for me. It is about making a difference in the lives of others. I help people just like you Buy, Sell, and Invest in East Valley Arizona Real Estate!"

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This post is for informational purposes only and should not be construed as legal advice. If you desire specific legal or tax advice, please consult the appropriate professional. The opinions expressed here represent my own and not those of my employer. Troy Erickson will not be held liable for any errors, ommissions, accuracy, validity, currentness, suitability, completeness; or any losses, injuries or damages arising from its display or use.

Victoria Ray Henderson
HomeBuyer Brokerage - Washington, DC
Washington DC Real Estate

Hi Troy,

 

It's so interesting to see how the different housing markets in the country. The fluctuation in housing prices where you are would be a welcome change from our constant up-up-up trend here in the Washington DC area. Best of luck to you with your business and I hope you have a happy new year!

Dec 27, 2021 11:45 AM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Hi Victoria Ray Henderson, thanks for the comment. Although the average sales price may fluctuate month-to-month here in Tempe, the overall trend is certainly upwards, and has been for at least the last two years. During that time frame, home values have gone up over 25%. There are other cities and communities nearby that have seen much larger growth. Happy New Year to you as well!

Dec 27, 2021 02:04 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Tempe home buyers and sellers are sure to value your real estate market report, Troy.

Dec 27, 2021 11:38 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Thanks again Myrl Jeffcoat for your support! Wishing you a very happy and prosperous new year!

Dec 29, 2021 10:59 AM