Lawyers Title Market Report

Tempe, AZ 85284

Single-Family Homes

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Tempe, AZ 85284

Mon Jun 21 2021
This week the median list price for Tempe, AZ 85284 is $725,000 with the market action index hovering around 80. This is an increase over last month's market action index of 77. Inventory has held steady at or around 17. 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 have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Tempe, AZ 85284

Mon Jun 21 2021
This week the median list price for Tempe, AZ 85284 is $725,000 with the market action index hovering around 80. This is an increase over last month's market action index of 77. Inventory has held steady at or around 17. 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 have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $725,000
Median Price of New Listings $515,000
Per Square Foot $269
Average Days on Market 39
Median Days on Market 14
Price Decreased 24%
Price Increased 12%
Relisted 12%
Inventory 17
Median Rent $2,400
Market Action 80
Strong Seller's Market

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$1,860,000 7,380 1 - 2.5 acres 6 6 39 0 0 84
$899,450 3,671 0.25 - 0.5 acre 5 3 36 1 1 24
$689,000 2,554 0.25 - 0.5 acre 3 2 36 1 2 10
$490,000 1,993 4,500 - 6,500 sqft 4 2 34 3 3 14