Lawyers Title Market Report

Tempe, AZ 85282

Single-Family Homes

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Tempe, AZ 85282

Mon Jun 21 2021
This week the median list price for Tempe, AZ 85282 is $490,000 with the market action index hovering around 93. This is less than last month's market action index of 94. Inventory has increased to 26. 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 85282

Mon Jun 21 2021
This week the median list price for Tempe, AZ 85282 is $490,000 with the market action index hovering around 93. This is less than last month's market action index of 94. Inventory has increased to 26. 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 $490,000
Median Price of New Listings $479,900
Per Square Foot $272
Average Days on Market 10
Median Days on Market 0
Price Decreased 31%
Price Increased 0%
Relisted 0%
Inventory 26
Median Rent $3,000
Market Action 93
Strong Seller's Market

We continue to see prices in this zip code bounce around this 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
$662,450 2,921 0.25 - 0.5 acre 4 3 50 3 0 3
$518,550 1,835 8,000 - 10,000 sqft 3 2 53 2 2 17
$475,000 1,750 6,500 - 8,000 sqft 4 2 54 5 1 0
$425,000 1,672 6,500 - 8,000 sqft 3 2 52 5 2 0