Lawyers Title Market Report

Tempe, AZ

Single-Family Homes

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Tempe, AZ

Mon Jun 21 2021
This week the median list price for Tempe, AZ is $499,950 with the market action index hovering around 89. This is an increase over last month's market action index of 88. Inventory has increased to 81. 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.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Tempe, AZ

Mon Jun 21 2021
This week the median list price for Tempe, AZ is $499,950 with the market action index hovering around 89. This is an increase over last month's market action index of 88. Inventory has increased to 81. 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.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $499,950
Median Price of New Listings $487,500
Per Square Foot $283
Average Days on Market 84
Median Days on Market 14
Price Decreased 22%
Price Increased 11%
Relisted 4%
Inventory 81
Median Rent $2,750
Market Action 89
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$800,000 3,107 0.25 - 0.5 acre 4 3 40 4 4 14
$540,000 1,868 8,000 - 10,000 sqft 3 2 50 7 5 7
$474,500 1,635 6,500 - 8,000 sqft 3 2 55 12 7 7
$385,000 1,256 4,500 - 6,500 sqft 3 2 43 9 4 28