Lisa Miller's Localized Market Report
Tempe, AZ
Condos/Townhomes
Realty ONE Group | lisa@lisamillerpllc.com | 480-309-0519
Tempe, AZ
Thu Apr 02 2026
This week the median list price for Tempe, AZ is $375,000 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has increased to 153.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $375,000 | |
| Median Price of New Listings | $395,000 | |
| Per Square Foot | $308 | |
| Average Days on Market | 86 | |
| Median Days on Market | 49 | |
| Price Decreased | 51% | |
| Price Increased | 0% | |
| Relisted | 7% | |
| Inventory | 153 | |
| Median Rent | ||
| Market Action | 32 | |
| Slight Seller's Advantage | ||
Prices are climbing and we’re nearing the market’s all time high so watch the Market Action Index as an indicator of how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $545,000 | 1,600 | 0 - 4,500 sqft | 2 | 2 | 19 | 3 | 1 | 49 |
| $411,950 | 1,239 | 0 - 4,500 sqft | 2 | 2 | 39 | 2 | 2 | 38 |
| $335,000 | 1,220 | 0 - 4,500 sqft | 3 | 2 | 42 | 3 | 7 | 49 |
| $259,975 | 943 | 0 - 4,500 sqft | 2 | 1.5 | 44 | 1 | 8 | 63 |