Navi Title Agency

Tempe, AZ 85284

Single-Family Homes

Here is your weekly Market Update!



Tempe, AZ 85284

Fri Jun 02 2023
This week the median list price for Tempe, AZ 85284 is $1,185,000 with the market action index hovering around 52. This is an increase over last month's market action index of 50. Inventory has increased to 14. 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

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 85284

Fri Jun 02 2023
This week the median list price for Tempe, AZ 85284 is $1,185,000 with the market action index hovering around 52. This is an increase over last month's market action index of 50. Inventory has increased to 14. 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

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 $1,185,000
Median Price of New Listings $1,450,000
Per Square Foot $333
Average Days on Market 73
Median Days on Market 25
Price Decreased 50%
Price Increased 0%
Relisted 14%
Inventory 14
Median Rent
Market Action 52
Strong Seller's Market

Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$3,250,000 6,298 1 - 2.5 acres 5 5.5 29 1 0 14
$1,599,000 4,174 0.5 - 1 acre 4 3.5 29 2 0 35
$982,500 2,834 0.25 - 0.5 acre 4 2.3 41 2 2 84
$587,450 2,039 4,500 - 6,500 sqft 4 2.5 29 0 0 35