BOOM Tempe Home Prices up 32%, One Condo Market up 60%

home prices up

The city of Tempe, Arizona saw a 32% price increase from 2012-2013. The single family home market in 85283 recorded the highest jump in price, a 60% increase.  The lowest price jump was 85251 single family markets, it only recorded 23%.  The shocker was the 9% price drop for the townhome condo market in zip code 85254.  The 85284 condo/townhome market is nothing to look into too much as this are is primarily single family homes and compared to the other condo/townhome markets is selling at the top of the market.

The Tempe real estate market was never an if but when it would happen.  Tempe is centrally located and is home to the largest university in the counter Arizona State University.  The school, along with the commercial development, nightlife, entertainment, employment, great schools, and proximity to everything Tempe will always be a desirable location.

Tempe Lifestyle

January 1, 2013 – April 30, 2013

Zip Codes

85251

SF

85251

Condos

85282

SF

85282

Condos

85283

SF

85283

Condos

85284

SF

85284

Condos

Median Price $150,000 $142,500 $194,500 $102,806 $191,000 $121,500 $342,500 $145,000
Days on Market 33 39 34 35 39 39 44 33

 

January 1, 2012 – April 30, 2012

Zip Codes

85251

SF

85251

Condos

85282

SF

85282

Condos

85283

SF

85283

Condos

85284

SF

85284

Condos

Median Price $122,000 $114,900 $155,000 $79,450 $145,000 $76,000 $265,000 $160,000
Days on Market 55 34 39 41 46 38 48 56

 

Single Family

85251 = + 23%

85252 = + 26%

85253 = + 32%

85284 = +29%

Condo/Townhome

85251 = + 24%

85252 = + 29%

85253 = + 60%

85284 = – 9%


SF = Single Family

Condos = Condos & Townhomes

This Report is brought to you by Tempe Realty Co.  You’re Tempe Neighborhood Realty Source!

Buying or Selling a Home, Condo, or Town home in Tempe – Call Tempe Realty Co.  480.458.8007.

Free Tempe Home or Condo Estimates Here

List your Tempe Home or Condo Here

Buy your Tempe dream Home or Condos Here

YOU’RE NEIGHBORHOOD REALTY SOURCE!

Tempe Realty Co – TempeHomesCondos.Com

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Buy     Sell     Search

Phone: 480.458.8007

Email: TempeHomesCondos@Gmail.com

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