Lawyers Title Market Report

Tempe, AZ

Single-Family Homes

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Tempe, AZ

Thu Feb 21 2019
This week the median list price for Tempe, AZ is $350,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has held steady at or around 261. 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

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Tempe, AZ

Thu Feb 21 2019
This week the median list price for Tempe, AZ is $350,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has held steady at or around 261. 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

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $350,000
Per Square Foot $188
Days on Market 77
Price Decreased 49%
Price Increased 5%
Relisted 6%
Inventory 261
Median House Rent $1,898
Most Expensive $2,095,000
Least Expensive $149,900
Market Action Index
Slight Seller's Advantage
40

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
$549,900 2,857 0.25 - 0.5 acre 4 3 32 6 5 106
$379,900 2,059 8,000 - 10,000 sqft 4 2 46 7 5 74
$324,900 1,786 8,000 - 10,000 sqft 3 2 48 9 12 55
$264,500 1,288 0 - 4,500 sqft 3 2 48 14 7 73