Empire Title Agency's Market Report

Tempe, AZ

Single-Family Homes

www.ewtaz.com | MarketReports@ewtaz.com | (602) 749-7000



Tempe, AZ

Wed Oct 20 2021
This week the median list price for Tempe, AZ is $499,950 with the market action index hovering around 69. This is less than last month's market action index of 70. Inventory has increased to 112. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Tempe, AZ

Wed Oct 20 2021
This week the median list price for Tempe, AZ is $499,950 with the market action index hovering around 69. This is less than last month's market action index of 70. Inventory has increased to 112. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $499,950
Median Price of New Listings $489,500
Per Square Foot $291
Average Days on Market 82
Median Days on Market 21
Price Decreased 38%
Price Increased 5%
Relisted 3%
Inventory 112
Median Rent $2,600
Market Action 69
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
$702,000 2,356 8,000 - 10,000 sqft 4 2 49 5 8 14
$530,500 1,869 6,500 - 8,000 sqft 4 2 50 10 10 21
$479,500 1,596 6,500 - 8,000 sqft 3 2 50 3 7 49
$414,500 1,408 6,500 - 8,000 sqft 3 2 52 12 8 10