Navi Title Agency

Tempe, AZ 85284

Single-Family Homes

Here is your weekly Market Update!



Tempe, AZ 85284

Wed Feb 21 2024
This week the median list price for Tempe, AZ 85284 is $997,500 with the market action index hovering around 45. This is less than last month's market action index of 53. Inventory has increased to 18. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Tempe, AZ 85284

Wed Feb 21 2024
This week the median list price for Tempe, AZ 85284 is $997,500 with the market action index hovering around 45. This is less than last month's market action index of 53. Inventory has increased to 18. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $997,500
Median Price of New Listings $1,837,500
Per Square Foot $319
Average Days on Market 52
Median Days on Market 28
Price Decreased 39%
Price Increased 0%
Relisted 0%
Inventory 18
Median Rent
Market Action 45
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$2,850,000 7,245 1 - 2.5 acres 6 7 43 1 0 28
$1,412,500 3,843 0.25 - 0.5 acre 5 4 30 0 0 28
$795,000 2,308 8,000 - 10,000 sqft 4 3 38 1 0 21
$549,900 1,742 4,500 - 6,500 sqft 3 2 32 0 1 21