Old Republic Title Market Report

Tempe, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Tempe, AZ

Tue May 18 2021
This week the median list price for Tempe, AZ is $499,950 with the market action index hovering around 88. This is less than last month's market action index of 89. Inventory has increased to 66. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Tempe, AZ

Tue May 18 2021
This week the median list price for Tempe, AZ is $499,950 with the market action index hovering around 88. This is less than last month's market action index of 89. Inventory has increased to 66. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $499,950
Median Price of New Listings $487,500
Per Square Foot $278
Average Days on Market 106
Median Days on Market 14
Price Decreased 11%
Price Increased 14%
Relisted 6%
Inventory 66
Median Rent $2,850
Market Action 88
Strong Seller's Market

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$1,042,500 3,785 0.5 - 1 acre 5 3 29 4 3 14
$547,499 2,067 8,000 - 10,000 sqft 4 2 55 9 4 7
$475,000 1,650 8,000 - 10,000 sqft 3 2 49 10 8 14
$360,000 720 4,500 - 6,500 sqft 2 1 36 5 8 308