Lawyers Title Market Report

Tempe, AZ

Single-Family Homes

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Tempe, AZ

Fri Aug 23 2019
This week the median list price for Tempe, AZ is $380,000 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has held steady at or around 220. Click here to stay informed with the Tempe market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

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

Fri Aug 23 2019
This week the median list price for Tempe, AZ is $380,000 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has held steady at or around 220. Click here to stay informed with the Tempe market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

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 $380,000
Per Square Foot $198
Days on Market 60
Price Decreased 46%
Price Increased 3%
Relisted 5%
Inventory 220
Median House Rent $1,950
Most Expensive $2,000,000
Least Expensive $69,900
Market Action Index
Strong Seller's Market
49

The market appears to be 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
$689,900 3,458 0.25 - 0.5 acre 5 3 30 10 5 110
$429,900 2,322 8,000 - 10,000 sqft 4 2 40 5 13 52
$349,900 1,703 8,000 - 10,000 sqft 3 2 49 4 18 41
$289,900 1,445 4,500 - 6,500 sqft 3 2 48 12 15 38