Lawyers Title Market Report

Tempe, AZ

Single-Family Homes

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Tempe, AZ

Fri Apr 19 2019
This week the median list price for Tempe, AZ is $362,250 with the market action index hovering around 44. This is an increase over last month's market action index of 42. Inventory has held steady at or around 242. 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

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 Apr 19 2019
This week the median list price for Tempe, AZ is $362,250 with the market action index hovering around 44. This is an increase over last month's market action index of 42. Inventory has held steady at or around 242. 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

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 $362,250
Per Square Foot $193
Days on Market 70
Price Decreased 49%
Price Increased 2%
Relisted 4%
Inventory 242
Median House Rent $2,200
Most Expensive $2,095,000
Least Expensive $139,500
Market Action Index
Slight Seller's Advantage
44

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
$644,950 3,347 0.25 - 0.5 acre 5 3 31 7 7 96
$399,900 2,156 8,000 - 10,000 sqft 4 2 37 11 7 66
$339,000 1,751 6,500 - 8,000 sqft 3 2 49 4 9 55
$279,900 1,394 6,500 - 8,000 sqft 3 2 49 11 10 65