First Arizona Title's Market Report

Tempe, AZ

Single-Family Homes

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



Tempe, AZ

Sun Apr 18 2021
This week the median list price for Tempe, AZ is $451,950 with the market action index hovering around 87. This is an increase over last month's market action index of 79. Inventory has held steady at or around 56. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Tempe, AZ

Sun Apr 18 2021
This week the median list price for Tempe, AZ is $451,950 with the market action index hovering around 87. This is an increase over last month's market action index of 79. Inventory has held steady at or around 56. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $451,950
Per Square Foot $279
Days on Market 14
Price Decreased 7%
Price Increased 13%
Relisted 4%
Inventory 56
Median Rent $2,750
Most Expensive $2,677,900
Least Expensive $170,000
Market Action 87
Strong Seller's Market

The market seems to have paused around this plateau. 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
$844,475 3,331 8,000 - 10,000 sqft 4 3 35 3 4 17
$489,900 2,017 8,000 - 10,000 sqft 3 2 51 5 7 7
$425,000 1,516 6,500 - 8,000 sqft 3 2 51 7 8 3
$210,000 600 0 - 4,500 sqft 1 1 0 2 1 273