Old Republic Title Market Report

Tempe, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Tempe, AZ

Sat Jul 11 2020
This week the median list price for Tempe, AZ is $415,700 with the market action index hovering around 59. This is an increase over last month's market action index of 55. Inventory has held steady at or around 118. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Tempe, AZ

Sat Jul 11 2020
This week the median list price for Tempe, AZ is $415,700 with the market action index hovering around 59. This is an increase over last month's market action index of 55. Inventory has held steady at or around 118. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $415,700
Per Square Foot $227
Days on Market 76
Price Decreased 33%
Price Increased 3%
Relisted 4%
Inventory 118
Median Rent $2,395
Most Expensive $2,199,000
Least Expensive $210,000
Market Action 59
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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
$750,000 3,263 0.25 - 0.5 acre 4 3 37 7 7 86
$450,000 2,370 8,000 - 10,000 sqft 4 2 44 7 4 70
$367,500 1,700 8,000 - 10,000 sqft 3 2 50 8 6 75
$296,250 1,114 0 - 4,500 sqft 3 2 47 17 9 72