Lisa Miller's Localized Market Report
Tempe, AZ
Condos/Townhomes
Realty ONE Group | lisa@lisamillerpllc.com | 480-309-0519
Tempe, AZ
Sun May 17 2026
This week the median list price for Tempe, AZ is $349,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has decreased to 135.
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 cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.
Real-Time Market Profile
| Median List Price | $349,000 | |
| Median Price of New Listings | $375,000 | |
| Per Square Foot | $299 | |
| Average Days on Market | 81 | |
| Median Days on Market | 56 | |
| Price Decreased | 54% | |
| Price Increased | 1% | |
| Relisted | 4% | |
| Inventory | 135 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
The market has been on a downward trend in the last few weeks and this week, while essentially flat, doesn’t break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $499,900 | 1,392 | 0 - 4,500 sqft | 2 | 2 | 20 | 0 | 4 | 77 |
| $399,900 | 1,297 | 0 - 4,500 sqft | 2 | 2 | 28 | 6 | 5 | 42 |
| $314,950 | 1,093 | 0 - 4,500 sqft | 2 | 2 | 43 | 2 | 0 | 42 |
| $265,000 | 980 | 0 - 4,500 sqft | 2 | 2 | 44 | 3 | 2 | 63 |