First Arizona Title's Market Report

Tempe, AZ

Single-Family Homes

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



Tempe, AZ

Thu Jan 28 2021
This week the median list price for Tempe, AZ is $420,000 with the market action index hovering around 62. This is less than last month's market action index of 66. Inventory has held steady at or around 77. 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 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

Thu Jan 28 2021
This week the median list price for Tempe, AZ is $420,000 with the market action index hovering around 62. This is less than last month's market action index of 66. Inventory has held steady at or around 77. 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 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 $420,000
Per Square Foot $255
Days on Market 98
Price Decreased 25%
Price Increased 9%
Relisted 3%
Inventory 77
Median Rent $2,135
Most Expensive $2,900,000
Least Expensive $170,000
Market Action 62
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change 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
$799,000 3,674 0.25 - 0.5 acre 5 3 24 3 3 65
$472,500 1,977 6,500 - 8,000 sqft 4 2 58 5 8 121
$395,000 1,591 6,500 - 8,000 sqft 3 2 49 14 6 46
$251,950 830 0 - 4,500 sqft 2 1 26 5 3 157