Your Real Estate Update
Tempe, AZ 85283
Single-Family Homes
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Tempe, AZ 85283
Sat Jun 20 2026
This week the median list price for Tempe, AZ 85283 is $594,000 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has increased to 60.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
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
| Median List Price | $594,000 | |
| Median Price of New Listings | $604,500 | |
| Per Square Foot | $304 | |
| Average Days on Market | 56 | |
| Median Days on Market | 35 | |
| Price Decreased | 60% | |
| Price Increased | 0% | |
| Relisted | 2% | |
| Inventory | 60 | |
| Median Rent | ||
| Market Action | 43 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code hover around their high point. Look for a persistent 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 |
|---|---|---|---|---|---|---|---|---|
| $749,900 | 2,360 | 8,000 - 10,000 sqft | 4 | 3 | 51 | 4 | 4 | 28 |
| $630,000 | 2,052 | 8,000 - 10,000 sqft | 3 | 2 | 52 | 1 | 0 | 42 |
| $550,000 | 1,876 | 6,500 - 8,000 sqft | 3 | 2 | 53 | 3 | 1 | 42 |
| $469,000 | 1,416 | 6,500 - 8,000 sqft | 3 | 2 | 48 | 2 | 5 | 28 |