Lisa Miller's Localized Market Report
Tempe, AZ
Condos/Townhomes
Realty ONE Group | lisa@lisamillerpllc.com | 480-309-0519
Tempe, AZ
Thu Jul 02 2026
This week the median list price for Tempe, AZ is $340,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has increased to 164.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $340,000 | |
| Median Price of New Listings | $300,000 | |
| Per Square Foot | $306 | |
| Average Days on Market | 83 | |
| Median Days on Market | 56 | |
| Price Decreased | 53% | |
| Price Increased | 1% | |
| Relisted | 5% | |
| Inventory | 164 | |
| Median Rent | ||
| Market Action | 34 | |
| Slight Seller's Advantage | ||
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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 |
|---|---|---|---|---|---|---|---|---|
| $489,900 | 1,380 | 0 - 4,500 sqft | 2 | 2 | 18 | 4 | 1 | 91 |
| $390,000 | 1,289 | 0 - 4,500 sqft | 2 | 2 | 39 | 2 | 2 | 56 |
| $319,900 | 1,093 | 0 - 4,500 sqft | 2 | 2 | 43 | 5 | 2 | 49 |
| $265,000 | 910 | 0 - 4,500 sqft | 2 | 1 | 44 | 4 | 6 | 56 |