The Median Sales Price rose across the East Valley in April, when compared YoY with April 2018. Chandler, Gilbert and Mesa rose modestly (3-5%), while Tempe’s median price rose sharply (8%) from $310,000 in Apr ‘18 to $335,885 in Apr ‘19.
It’s also interesting to see the median prices bunched together so closely, with Chandler, Gilbert, and Tempe all within a couple thousand dollars of each other. I’m not sure exactly what this means, if anything, but it’s unusual compared with other time periods and other parts of the Valley.
- Chris Butterworth
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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.