Here is the most recent Tempe AZ Real Estate Housing Market Report for March 2023:
After slightly increasing last month the average sales price of Tempe homes decreased to begin 2023, going from $539,099 in December to $521,542 this month. This is the first January that Tempe average home prices have decreased since before at least 2019.
Click on the image below to read the full article and see what is going on in the Tempe Arizona real estate market.
After increasing the last two months the average sold price per square foot of Tempe homes has decreased in March, going from $292/sf in February to $287/sf this month.
After Tempe days on market increased 8 months in a row Tempe DOM decreased this month, going from 79 DOM in February to 74 DOM in March. Homes in Tempe are still selling reasonably fast, and sales may pick up through the spring, which is typically the time of the year when the Arizona housing market picks up.
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 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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