Navi Title Agency

Tempe, AZ 85282

Single-Family Homes

Here is your weekly Market Update!



Tempe, AZ 85282

Fri Jun 02 2023
This week the median list price for Tempe, AZ 85282 is $624,500 with the market action index hovering around 66. This is an increase over last month's market action index of 61. Inventory has decreased to 24. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Tempe, AZ 85282

Fri Jun 02 2023
This week the median list price for Tempe, AZ 85282 is $624,500 with the market action index hovering around 66. This is an increase over last month's market action index of 61. Inventory has decreased to 24. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $624,500
Median Price of New Listings $624,725
Per Square Foot $313
Average Days on Market 68
Median Days on Market 35
Price Decreased 42%
Price Increased 0%
Relisted 4%
Inventory 24
Median Rent
Market Action 66
Strong Seller's Market

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$701,250 2,565 8,000 - 10,000 sqft 4 2.5 54 1 0 14
$644,900 2,006 8,000 - 10,000 sqft 4 2.3 55 1 0 31
$599,750 1,660 1 - 2.5 acres 3 2 54 2 3 21
$450,450 1,562 6,500 - 8,000 sqft 3 2 52 0 3 77