Your Localized Market Report

Tempe, AZ 85283

Single-Family Homes

Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com


Tempe, AZ 85283

Mon Mar 30 2026
This week the median list price for Tempe, AZ 85283 is $574,499 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has held steady at or around 54. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Tempe, AZ 85283

Mon Mar 30 2026
This week the median list price for Tempe, AZ 85283 is $574,499 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has held steady at or around 54. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $574,499
Median Price of New Listings $579,000
Per Square Foot $317
Average Days on Market 61
Median Days on Market 32
Price Decreased 44%
Price Increased 0%
Relisted 6%
Inventory 54
Median Rent
Market Action 40
Slight Seller's Advantage

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$709,000 2,457 8,000 - 10,000 sqft 4 2.3 51 2 1 14
$599,500 1,963 6,500 - 8,000 sqft 3 2 52 2 1 28
$527,500 1,740 6,500 - 8,000 sqft 3 2 51 2 0 35
$449,900 1,200 6,500 - 8,000 sqft 3 2 47 1 4 91