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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's 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|
|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.
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|