5 Bedroom Homes for Sale in Tempe AZ
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About 5 Bedroom Homes for sale in Tempe AZ
Here is the average proportion of property listings found across the Phoenix area MLS:
|Number of Bedrooms||%|
|1 bedroom homes||3.2%|
|2 bedroom homes||17.3%|
|3 bedroom homes||37.5%|
|4 bedroom homes||29.5%|
|5 bedroom homes||10.3%|
|6+ bedroom homes||2.2%|
5 bedroom homes for sale in Tempe AZ are more rare than 2 bedroom homes across the MLS. You can see the combined percentage of 5 bedroom homes and 6+ bedroom homes is 12.5%, and that total is still less than the average percentage of 2 bedroom homes for sale.
What does that really mean? Not much of anything if you have a large family and need the space. Even a family with 3 children could benefit from a 5 bedroom home with the parents taking the master suite, each child getting their own bedroom, and the 5th bedroom being used for an office or den.
Remember that a home is also an investment. Investors rarely buy anything less than a 3 bedroom, 2 bathroom property because they are the most popular and universal family home. Is a 5 bedroom home a good investment? We believe the answer is still yes there are enough larger families who need the space.
However, there is one important point to consider if you are looking for 5 bedroom homes for sale in Tempe AZ: In each residential neighborhood, houses will vary in size and rooms, but they should not be too different. If resale value is an important consideration, you should not buy the largest model in the neighborhood. When determining market value, the homes nearest to yours are most important. If most of the nearby houses are smaller than your house, they can act as a drag on appreciation.
On the other hand, if you buy a small or medium house for the neighborhood, the larger homes can help pull up your value. This is one of those times where determining your “wants” versus your “needs” can be extremely important. Buying what you need in a more prestigious neighborhood may provide more financial reward than getting what you want in a less desirable neighborhood.
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