Tempe AZ Real Estate Housing Market Report - March 2022

By
Real Estate Agent with HomeSmart License # SA577557000
Here is the most recent Tempe AZ Real Estate Housing Market Report for March 2022:
 
The average sales price of Tempe homes increased for the fourth straight month, moving from $565,980 in February to $577,839 in March. This is not as large of an increase as the last three months, but the average sales price of Tempe homes has reached a new all-time high.

After increasing for two straight months, the average sold price per square foot of Tempe homes remained the same as last month. The average sold price in Tempe remains at the all-time high of $303/sf for March.
 
After increasing to 50 days on market in December to end 2021, Tempe days on market decreased two months in a row, to a low of 29 for February, but jumped back up to 40 DOM for March. Days on market typically decrease during the first months of the year, but even at 40 DOM, it shows that homes in Tempe are still selling faster than normal.
 
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 buying a home, selling your home, or investing in the Tempe, AZ 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.

Comments (6)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Apr 16, 2022 06:41 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

You're the best Myrl Jeffcoat. Thank you for always supporting me and my posts.

Apr 16, 2022 09:25 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Thanks for sharing your market update.  Great information for buyers and sellers in your area.

Apr 17, 2022 03:27 AM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

K I S S method...Thank you for the straight forward easy to read market report.  If further details are needed, contacting Troy Erickson AZ Realtor (602) 295-6807 is a smart move in this rapidly evolving housing market.  Mark

Apr 17, 2022 09:01 AM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Appreciate the kind words Richard Weeks.

Apr 17, 2022 10:51 AM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Thank you for your comment and recommendation Mark Don McInnes, Sandpoint-Idaho.

Apr 17, 2022 10:52 AM