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Tempe Arizona Area Information includes Tempe real estate market facts, major employers and condos and homes for sale in Tempe AZ displayed by home feature, school district, school, zip code, price range, popular subdivisions, etc.
TEMPE REAL ESTATE YEAR TO DATE MARKET PERFORMANCE - January 1, 2018 thru December 31, 2018
Average sales price of Tempe AZ homes for sale is up 0% to $335,573, closing at 97% of the list price after 60 Days on Market.
Since Tempe is the home to Arizona State University, the largest public school in the U.S, it is not surprising Tempe is a young community with the median age of 28.1 years and well educated with 42% of the residents having graduated from college and an average household income of $63,352. The sales tax is 9.3%. From 2000 to 2010 census, Tempe grew 2% over the past decade to a population of 161,719 residents.
The Tempe is a very desirable location close to downtown Phoenix and ASU with the rapid transit connections to Sky Harbor Airport and the Phoenix Metroplex. Building around Tempe Town Lake, ASU and I10 is transformational with some luxurious multi-million dollar condo penthouses having been built!
Tempe is centrally located close to the strongest employment areas in Phoenix, Scottsdale, Chandler and Gilbert. The fact that Tempe contains the nation's 5th largest airport and the largest U.S. university complex - only enhances its appeal to residents and employers.
The Light Rail Commuter system running through the heart of Tempe and is already attracting the attention of Tempe home buyers and employers such as Google. The Light Rail is proven so popular it has been extended eastward to Mesa Drive on Main Street.
MAJOR TEMPE EMPLOYERS
Tempe has a strong employment base with prestigious major employers including: Arizona State University, Maricopa Community Colleges, Wells Fargo, Safeway, Kyrene School District, Salt River Project, NXP Semiconductor, Honeywell, City of Tempe, INSIGHT Direct, Team Security, IKON Office Solutions, Edward Jones and State Farm.
Tempe home buyers should consider the established neighborhood of homes for sale in Tempe, high availability of amenities and shorter commute times when shopping for a community to call home. The Tempe Town Lake district is an extremely popular "in spot" and you will love the sidewalk cafes to people watch just like they do in Paris. Tempe is a very good option well worth your serious consideration.
Tempe Chamber of Commerce provides additional business data.
Tempe demographic data includes population studies, schools information and employment in the area.
Tempe economic development in and around Sky Harbor Airport and ASU remains a vital economic engine within the Phoenix Metro area.
Fun attractions and things to do in the Tempe Mill District.
Closed Sales of Homes for sale in Tempe AZ DOWN 18%, average SOLD Price UP 0% with available inventory of 3.1 months, comparing Tempe real estate MLS data in December 2018 vs. December 2017. See table below for full details.
Price Comparison of Detached and Attached Tempe Properties - Average October 2018 SOLD price of Tempe homes for sale is $335,573 and the average sales price of Tempe Condos, Townhouses, Patio homes and Lofts for sale is $252,237.
Tempe Arizona real estate market remains a HOT Seller's market with a low 3.1 month supply of unsold homes based upon the current absorption rate. The fact prices are rising for attached and detached homes for sale in Tempe AZ portends well for Tempe real estate.
|Active Listings - 323|
|Closed Listings - 120|
|Avg Closed Price - $332,821|
|Med Closed Price - $298,000|
|Months Inventory - 2.7|
|Days On Market (Closed) - 60|
|Active Listings - 302 (-6%)|
|Closed Listings - 98 (-81%)|
|Avg Closed Price - $335,573 (0%)|
|Med Closed Price - $325,000 (9%)|
|Months Inventory - 3.1|
|Days On Market (Closed) - 60 (0%)|
Before buying a home review 2016 - 2017 school year performance Letter Grades for Tempe schools compiled by the Arizona Department of Education, based upon standardized test results released October 5, 2018.
Students from both elementary public school districts will attend high school in Tempe Union High School District.
SEARCH TEMPE AZ HOMES FOR SALE BY SCHOOL DISTRICT OR SCHOOL(S)
Looking for homes for sale in Tempe AZ served by the highest rated Tempe schools located in the best performing school districts or a favorite school?
See homes for sale in Tempe AZ in the Kyrene Elementary School District and Tempe Union High School District.
Here are the Tempe homes for sale in the Tempe Elementary School District and Tempe Union High School District.
Contact Sam today for help with your Tempe AZ home.
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Contact Sam to request additional information and return often to my website to view continuously updated real estate listings of homes for sale in Tempe AZ.