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Tempe, AZ 85283

Single-Family Homes

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Tempe, AZ 85283

Fri Mar 29 2024
This week the median list price for Tempe, AZ 85283 is $582,450 with the market action index hovering around 49. This is an increase over last month's market action index of 45. Inventory has decreased to 30. Click here to stay informed with the Tempe market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Tempe, AZ 85283

Fri Mar 29 2024
This week the median list price for Tempe, AZ 85283 is $582,450 with the market action index hovering around 49. This is an increase over last month's market action index of 45. Inventory has decreased to 30. Click here to stay informed with the Tempe market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $582,450
Median Price of New Listings $600,000
Per Square Foot $304
Average Days on Market 77
Median Days on Market 28
Price Decreased 43%
Price Increased 0%
Relisted 0%
Inventory 30
Median Rent
Market Action 49
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$798,900 2,675 8,000 - 10,000 sqft 4 3 51 2 1 91
$620,000 2,076 8,000 - 10,000 sqft 4 2 45 3 0 21
$565,000 1,804 6,500 - 8,000 sqft 4 2 51 2 2 45
$487,450 1,538 4,500 - 6,500 sqft 3 2 35 2 1 21