Amy Gerrish, Realtor & Data Scientist.

Tempe, AZ 85283

Single-Family Homes

Realty Executives



Tempe, AZ 85283

Mon Oct 19 2020
This week the median list price for Tempe, AZ 85283 is $409,500 with the market action index hovering around 80. This is about the same as last month's market action index of 80. Inventory has held steady at or around 19. 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 85283

Mon Oct 19 2020
This week the median list price for Tempe, AZ 85283 is $409,500 with the market action index hovering around 80. This is about the same as last month's market action index of 80. Inventory has held steady at or around 19. 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 $409,500
Per Square Foot $218
Days on Market 62
Price Decreased 26%
Price Increased 16%
Relisted 11%
Inventory 19
Median Rent $1,945
Most Expensive $585,000
Least Expensive $329,950
Market Action 80
Strong Seller's Market

Prices in this zip code seem to have settled around a 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
$498,500 2,441 0.25 - 0.5 acre 4 2 35 3 1 33
$429,900 2,212 8,000 - 10,000 sqft 4 2 46 2 1 44
$389,999 1,746 0 - 4,500 sqft 3 2 47 1 2 155
$359,000 1,416 0 - 4,500 sqft 3 2 44 3 1 8