First Arizona Title's Market Report

Tempe, AZ

Single-Family Homes

First Arizona Title Agency | (480) 385-6500 | www.FirstAZTitle.com



Tempe, AZ

Fri May 27 2022
This week the median list price for Tempe, AZ is $595,000 with the market action index hovering around 89. This is about the same as last month's market action index of 89. Inventory has increased to 85. 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 has started cooling and prices have recently plateaued. Since 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

Fri May 27 2022
This week the median list price for Tempe, AZ is $595,000 with the market action index hovering around 89. This is about the same as last month's market action index of 89. Inventory has increased to 85. 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 has started cooling and prices have recently plateaued. Since 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 $595,000
Median Price of New Listings $585,000
Per Square Foot $327
Average Days on Market 78
Median Days on Market 7
Price Decreased 27%
Price Increased 12%
Relisted 1%
Inventory 85
Median Rent
Market Action 89
Strong Seller's Market

The market seems to have paused around its high point. 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
$940,000 3,109 0.25 - 0.5 acre 4 3 43 6 3 14
$630,000 2,038 8,000 - 10,000 sqft 4 2 49 7 9 7
$555,000 1,652 6,500 - 8,000 sqft 3 2 47 7 6 7
$461,000 1,377 6,500 - 8,000 sqft 3 2 51 10 6 7