Navi TITLE

Tempe, AZ 85284

Single-Family Homes

Here is your weekly Market Update!



Tempe, AZ 85284

Sat May 10 2025
This week the median list price for Tempe, AZ 85284 is $849,000 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has decreased to 39. 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

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Tempe, AZ 85284

Sat May 10 2025
This week the median list price for Tempe, AZ 85284 is $849,000 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has decreased to 39. 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

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $849,000
Median Price of New Listings $700,000
Per Square Foot $340
Average Days on Market 88
Median Days on Market 42
Price Decreased 54%
Price Increased 3%
Relisted 10%
Inventory 39
Median Rent
Market Action 39
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,925,000 5,500 0.5 - 1 acre 5 5 41 0 0 119
$1,145,000 3,412 0.25 - 0.5 acre 4 3.3 30 1 2 45
$759,900 2,388 8,000 - 10,000 sqft 4 2 40 2 0 31
$635,000 2,059 6,500 - 8,000 sqft 3 2 34 2 6 38