Lawyers Title Market Report

Tempe, AZ 85283

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Tempe, AZ 85283

Mon Jun 21 2021
This week the median list price for Tempe, AZ 85283 is $527,450 with the market action index hovering around 91. This is less than last month's market action index of 92. Inventory has increased to 12. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Tempe, AZ 85283

Mon Jun 21 2021
This week the median list price for Tempe, AZ 85283 is $527,450 with the market action index hovering around 91. This is less than last month's market action index of 92. Inventory has increased to 12. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $527,450
Median Price of New Listings $495,000
Per Square Foot $265
Average Days on Market 18
Median Days on Market 14
Price Decreased 17%
Price Increased 0%
Relisted 8%
Inventory 12
Median Rent $2,000
Market Action 91
Strong Seller's Market

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

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
$775,000 3,290 8,000 - 10,000 sqft 5 3 43 1 1 14
$554,900 1,891 8,000 - 10,000 sqft 3 2 43 1 1 7
$495,000 1,930 6,500 - 8,000 sqft 4 2 43 1 2 14
$349,900 1,256 4,500 - 6,500 sqft 3 2 39 2 1 14