Property prices for sale in Tempe (Arizona)

The prices in real estate in Tempe, in the Arizona region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Tempe has increased during the last 6 months. In May, the average price per sq.feet was $176. In the following month the price per sq.feet increased considerably to $204. The price for the following two months in (July, August) decreased 89 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 123 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $180 to $222 during September, and October.

Average price

Based upon to the price in Tempe (cities), these have remained the same in the last 6 months. The average price during our first sample month during May, is $424,038. During June the price went through a considerable rise reaching $557,234. During the following two months (July, August) the average price fell 86 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $455,885.25 to $378,846, which means a 83 % fall.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $354,844 they are 32 % more affordable than the average price for Tempe. The properties with the highest average price have 4 bedrooms, Their price is 35 % more costly than the average. After that we have properties with 3 bedrooms priced at $350,059.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $210 / sq.feet, with an average $224 / sq.feet price in Tempe. The properties with the highest average prices have 1 bedroom. They are 35 % more expensive than the average followed by properties with 2 bedrooms with a price at $222 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $354,844 it is 27 % cheaper than the average price in Tempe. "Office" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $286,859 it is 17 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $220 / sq.feet followed by "House" priced at $221 / sq.feet. "Office" is the most costly type of property with a $989 / sq.feet cost followed by "House" with an average price of $221 / sq.feet.

Charts data
Average price October
Average price per sq.feet October
Number of properties used in Tempe
Number of properties used in region Arizona
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value