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.
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
| 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 |