Clear Title Agency of Arizona

Tempe, AZ

Single-Family Homes

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Tempe, AZ

Thu Jan 20 2022
This week the median list price for Tempe, AZ is $530,000 with the market action index hovering around 66. This is about the same as last month's market action index of 66. Inventory has decreased to 67. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Tempe, AZ

Thu Jan 20 2022
This week the median list price for Tempe, AZ is $530,000 with the market action index hovering around 66. This is about the same as last month's market action index of 66. Inventory has decreased to 67. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $530,000
Median Price of New Listings $604,750
Per Square Foot $299
Average Days on Market 114
Median Days on Market 56
Price Decreased 18%
Price Increased 3%
Relisted 1%
Inventory 67
Median Rent $2,400
Market Action 66
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change 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
$765,950 2,870 0.25 - 0.5 acre 4 3 37 5 6 52
$559,900 2,045 8,000 - 10,000 sqft 4 2 54 3 4 35
$500,000 1,721 8,000 - 10,000 sqft 3 2 50 2 4 56
$449,900 1,382 6,500 - 8,000 sqft 3 2 59 2 5 63