Lawyers Title Market Report

Tempe, AZ 85281

Single-Family Homes

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Tempe, AZ 85281

Mon Jun 21 2021
This week the median list price for Tempe, AZ 85281 is $450,000 with the market action index hovering around 60. This is an increase over last month's market action index of 53. Inventory has increased to 26. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Tempe, AZ 85281

Mon Jun 21 2021
This week the median list price for Tempe, AZ 85281 is $450,000 with the market action index hovering around 60. This is an increase over last month's market action index of 53. Inventory has increased to 26. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $450,000
Median Price of New Listings $450,000
Per Square Foot $329
Average Days on Market 218
Median Days on Market 32
Price Decreased 15%
Price Increased 27%
Relisted 0%
Inventory 26
Median Rent $2,600
Market Action 60
Strong Seller's Market

While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$612,000 1,512 8,000 - 10,000 sqft 3 2 72 2 1 17
$497,475 1,185 8,000 - 10,000 sqft 3 2 69 1 1 318
$425,000 1,277 4,500 - 6,500 sqft 3 2 62 3 2 28
$170,000 600 4,500 - 6,500 sqft 1 1 0 1 0 350