Clear Title Agency of Arizona

Tempe, AZ 85281

Single-Family Homes

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Tempe, AZ 85281

Fri Jul 01 2022
This week the median list price for Tempe, AZ 85281 is $609,999 with the market action index hovering around 63. This is less than last month's market action index of 67. Inventory has increased to 34. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Tempe, AZ 85281

Fri Jul 01 2022
This week the median list price for Tempe, AZ 85281 is $609,999 with the market action index hovering around 63. This is less than last month's market action index of 67. Inventory has increased to 34. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $609,999
Median Price of New Listings $599,499
Per Square Foot $372
Average Days on Market 185
Median Days on Market 21
Price Decreased 29%
Price Increased 21%
Relisted 3%
Inventory 34
Median Rent
Market Action 63
Strong Seller's Market

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. 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
$968,750 1,765 0.25 - 0.5 acre 3 2.8 69 0 2 31
$650,000 1,848 6,500 - 8,000 sqft 3 2.3 53 3 0 31
$585,000 1,503 6,500 - 8,000 sqft 3 2 62 3 0 28
$475,000 1,274 4,500 - 6,500 sqft 3 2 63 2 1 7