Clear Title Agency of Arizona

Tempe, AZ 85283

Single-Family Homes

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Tempe, AZ 85283

Fri Jul 01 2022
This week the median list price for Tempe, AZ 85283 is $580,000 with the market action index hovering around 74. This is less than last month's market action index of 86. Inventory has increased to 32. 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 has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Tempe, AZ 85283

Fri Jul 01 2022
This week the median list price for Tempe, AZ 85283 is $580,000 with the market action index hovering around 74. This is less than last month's market action index of 86. Inventory has increased to 32. 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 has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $580,000
Median Price of New Listings $544,500
Per Square Foot $321
Average Days on Market 18
Median Days on Market 7
Price Decreased 31%
Price Increased 3%
Relisted 3%
Inventory 32
Median Rent
Market Action 74
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$742,450 2,124 8,000 - 10,000 sqft 4 2 43 2 2 14
$597,000 2,065 8,000 - 10,000 sqft 4 2 47 3 2 7
$532,500 1,529 6,500 - 8,000 sqft 3 2 45 4 2 10
$462,450 1,451 8,000 - 10,000 sqft 3 2 48 5 3 3