Navi Title Agency

Tempe, AZ 85282

Single-Family Homes

Here is your weekly Market Update!


Tempe, AZ 85282

Fri Dec 01 2023
This week the median list price for Tempe, AZ 85282 is $567,000 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has increased to 57. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Tempe, AZ 85282

Fri Dec 01 2023
This week the median list price for Tempe, AZ 85282 is $567,000 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has increased to 57. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $567,000
Median Price of New Listings $510,000
Per Square Foot $315
Average Days on Market 75
Median Days on Market 42
Price Decreased 61%
Price Increased 5%
Relisted 9%
Inventory 57
Median Rent
Market Action 43
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift 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
$707,450 2,536 0.25 - 0.5 acre 4 2 53 1 1 38
$600,000 1,939 8,000 - 10,000 sqft 4 2 54 4 0 45
$533,250 1,740 6,500 - 8,000 sqft 3 2 58 3 1 77
$429,500 1,393 6,500 - 8,000 sqft 3 2 53 6 0 42