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Wednesday, November 6, 2024

Tempe home prices rise in February 2018

Re 4

The median sale price of a home sold in February 2018 in Tempe rose by $33,450 while total sales increased by 43.8%, according to BlockShopper.com.

In February 2018, there were 207 homes sold, with a median sale price of $279,000 - a 13.6% increase over the $245,550 median sale price for the same period of the previous year. There were 144 homes sold in Tempe in February 2017.

The median sales tax in Tempe for the most recent year with available data, 2017, was $1,774, approximately 0.6% of the median home sale price for February 2018.

The following table compares Tempe to other Maricopa County cities with similar median sales prices in February 2018:

CityFeb. 2018 Home SalesFeb. 2017 Home Sales% change (Total Home Sales)Feb. 2018 Median Sales PriceFeb. 2017 Median Sales Price% change (Median Sales Price)
Uninc-85383/Peoria North714-50%$290,000$255,623.5013.4%
Wittmann (unincorporated) 78-12.5%$287,500$56,125412.2%
Uninc-85387/Surprise North199111.1%$286,620$270,1956.1%
Chandler3603318.8%$282,743.50$260,0008.7%
Waddell (unincorporated) 1722-22.7%$280,000$220,00027.3%
Tempe20714443.8%$279,000$245,55013.6%
Litchfield Park (unincorporated) 433330.3%$269,900$258,5004.4%
Chandler (unincorporated) 5557-3.5%$265,000$266,500-0.6%
Goodyear154157-1.9%$264,229$238,19010.9%
Peoria2752596.2%$259,500$235,00010.4%
Sun City West (unincorporated)1081034.9%$244,625$204,00019.9%

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