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Tempe, AZ 85282

Single-Family Homes

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Tempe, AZ 85282

Sat Dec 03 2022
This week the median list price for Tempe, AZ 85282 is $510,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has decreased to 63. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Tempe, AZ 85282

Sat Dec 03 2022
This week the median list price for Tempe, AZ 85282 is $510,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has decreased to 63. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $510,000
Median Price of New Listings $457,000
Per Square Foot $300
Average Days on Market 85
Median Days on Market 77
Price Decreased 73%
Price Increased 10%
Relisted 10%
Inventory 63
Median Rent
Market Action 45
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift 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
$650,000 2,148 8,000 - 10,000 sqft 4 2 53 0 2 56
$539,500 1,818 8,000 - 10,000 sqft 4 2 55 1 2 108
$479,986 1,630 8,000 - 10,000 sqft 3 2 53 2 3 77
$424,950 1,298 6,500 - 8,000 sqft 3 2 51 3 2 77