Tempe AZ Real Estate Housing Market Report - April 2022

Real Estate Agent with HomeSmart License # SA577557000
Here is the most recent Tempe AZ Real Estate Housing Market Report for April 2022:
The average sales price of Tempe homes increased for the fifth straight month, moving from $577,248 in March to $604,168 in April. This is almost a $30,000 increase in one month, giving the average sales price of Tempe homes a new all-time high.

After remaining the same in February and March, at $303/sf, the average sold price per square foot of Tempe homes increased in April to $325/sf. This is a new all-time high for the average sold price per square foot in Tempe, Arizona.
After increasing to 40 days on market in March, Tempe days on market decreased in April down to 23. This is the lowest days on market in April since before 2018 and 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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Licensed Residential Realtor® in Arizona at 602-295-6807


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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 (3)

Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Hello Troy,  One can not help but wonder how long it well be before DOM creeps back up just a little.  This has been going on for a long long time now.  Enjoy your weekend and stay healthy.  M

May 20, 2022 04:41 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Thank you Mark Don McInnes, Sandpoint-Idaho. Yes the housing market has been skyrocketing over the last two years, and you would imagine that things cannot continue like they have. Rising interest rates will surely have an impact on DOM, but demand is still outpacing supply by a lot in our area.

May 21, 2022 12:48 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

May 22, 2022 05:12 PM