Here is the most recent Tempe AZ Real Estate Housing Market Report for December 2021:
The average sales price of Tempe homes increased in December after decreasing in November. The average sales price of Tempe homes ended the year on an upswing and is now at $514,944, still lower than the all-time high of $535,535 achieved in June of this year.
At the same time, the average sold price per square foot decreased after increasing the previous two months. The average sold price went from an all-time high of $293/sf in November to $289/sf in December.
After remaining the same as the month before in November, Tempe days on market shot up significantly to end the year. Days on market went from 32 DOM in November up to 50 DOM in December. Even though the trend has seen days on market increasing, 50 DOM is still low, and homes in Tempe are still selling fast.
At the same time, the average sold price per square foot decreased after increasing the previous two months. The average sold price went from an all-time high of $293/sf in November to $289/sf in December.
After remaining the same as the month before in November, Tempe days on market shot up significantly to end the year. Days on market went from 32 DOM in November up to 50 DOM in December. Even though the trend has seen days on market increasing, 50 DOM is still low, and homes in Tempe are still selling fast.
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 Realtor | Call/Text: 602-295-6807 | TroyEricksonRealtor@gmail.com
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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