Arizona's Most Current Market Reports

Tempe, AZ

Single-Family Homes

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Tempe, AZ

Mon Jan 24 2022
This week the median list price for Tempe, AZ is $527,000 with the market action index hovering around 67. This is an increase over last month's market action index of 65. Inventory has decreased to 65. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Tempe, AZ

Mon Jan 24 2022
This week the median list price for Tempe, AZ is $527,000 with the market action index hovering around 67. This is an increase over last month's market action index of 65. Inventory has decreased to 65. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $527,000
Median Price of New Listings $499,500
Per Square Foot $300
Average Days on Market 106
Median Days on Market 35
Price Decreased 18%
Price Increased 3%
Relisted 2%
Inventory 65
Median Rent $2,450
Market Action 67
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
$755,950 2,686 0.25 - 0.5 acre 4 2.8 42 3 2 52
$560,000 2,078 8,000 - 10,000 sqft 4 2 48 3 5 28
$500,000 1,651 8,000 - 10,000 sqft 3 2 50 4 5 35
$440,000 1,417 6,500 - 8,000 sqft 3 2 59 7 7 42