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

Sat Jul 05 2025
This week the median list price for Tempe, AZ 85283 is $592,449 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 50. 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

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.

Tempe, AZ 85283

Sat Jul 05 2025
This week the median list price for Tempe, AZ 85283 is $592,449 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 50. 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

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

Never miss important changes in the Tempe market.
Median List Price $592,449
Median Price of New Listings $422,000
Per Square Foot $313
Average Days on Market 74
Median Days on Market 56
Price Decreased 58%
Price Increased 0%
Relisted 2%
Inventory 50
Median Rent
Market Action 46
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$799,000 2,660 8,000 - 10,000 sqft 4 3 48 0 4 42
$612,499 2,032 6,500 - 8,000 sqft 4 2 50 1 1 63
$540,000 1,647 6,500 - 8,000 sqft 3 2 48 0 2 91
$382,000 1,119 4,500 - 6,500 sqft 2 2 45 5 2 28