Your Localized Market Report

Tempe, AZ

Single-Family Homes

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Tempe, AZ

Mon Feb 06 2023
This week the median list price for Tempe, AZ is $539,000 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has decreased to 114. 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.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Tempe, AZ

Mon Feb 06 2023
This week the median list price for Tempe, AZ is $539,000 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has decreased to 114. 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.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $539,000
Median Price of New Listings $549,000
Per Square Foot $298
Average Days on Market 138
Median Days on Market 77
Price Decreased 63%
Price Increased 4%
Relisted 5%
Inventory 114
Median Rent
Market Action 43
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
$748,749 2,419 8,000 - 10,000 sqft 4 2.5 42 4 3 91
$565,950 1,860 8,000 - 10,000 sqft 3 2 54 2 3 84
$505,000 1,740 6,500 - 8,000 sqft 3 2 52 2 6 70
$429,500 1,476 6,500 - 8,000 sqft 3 2 52 3 5 63