Housing Statistics for homes 85282, $400,000 - $600,000

By
Real Estate Agent with Value Added Service, 602-620-2699 SA5376460000

Housing statistics for homes in Tempe, AZ, 85282 priced between $400,000 and $600,000 reflect slightly more inventory, increasing days on market, but also rising prices.  There is no indication of prices dropping and it's still a sellers market.  We expect this to continue on into 2022. 

 

Active listings in 85282, priced between $400,000 and $600,000 have increased by 64% year over year.  Even though that sounds like a lot, it's not overall.   Active listings show 36 as of 10/3/21, while there were 13 listings the same week a year ago, during the frenzy! 

 

Active Listings in 85282

 

Are listings selling as fast as they were a year ago?   Currently, homes in 85282 priced between $400,000 and $600,000 are selling in about 32 days, up from 28 days a year ago.  That's a VERY minor difference in a year; meaning that demand is still in tact for 85282 in these price ranges. Compare that to the far left of the graph when it took 315 days in June of 2015 to sell a home in this zip code and price range!

Average Cumulative Days on Market 85282

The Annual Sales rate for homes in 85282 for homes in the above price ranges has risen dramatically during the last 2 years.   In October, 2019, 57 homes sold and now 2 years later, 267 homes have sold!  

Annual Sales Rate 85282 Priced $400,000 - $600,000

In all of 85282, average sales prices have increased 21% year over year for all price ranges.  Check out the 2011 price per square foot;  at that time it was $83 versus $270 for October, 2021.

Monthly Avg Sales Price per sq ft 85282

If you're looking to sell your home in 85282, now is a good time.  We don't have a crystal ball in real estate, however, charts like these show us buyer and seller decisions.  Always look for an agent to help you sell or buy that can explain the market statistics! 

 

 

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Comments (4)

Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local real estate reports.

Have a productive autumn.

Oct 05, 2021 07:51 AM
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Thank you Roy Kelley !  Have a wonderful week!  

Oct 05, 2021 08:57 AM
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Jan really good info market on that niche.  And WOW - this popped out to me.  57 homes sold in 2019 and 267 in 2021!  That sounds like a few areas we've been doing business in last year to know.  Crazy market.  Great to see you on Zoom!

Oct 05, 2021 04:28 PM
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Yeah - that is one crazy stat Anna Banana Kruchten CRS, CRB, Phoenix Broker !   Great seeing you too.  It's so hard to miss AR zooms, so I sneak in every now and then to see all of my favorite peeps!   See you very soon!  

Oct 06, 2021 11:00 AM