Old Republic Title Market Report

Tempe, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Tempe, AZ

Wed Nov 25 2020
This week the median list price for Tempe, AZ is $424,900 with the market action index hovering around 65. This is less than last month's market action index of 68. Inventory has held steady at or around 99. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Wed Nov 25 2020
This week the median list price for Tempe, AZ is $424,900 with the market action index hovering around 65. This is less than last month's market action index of 68. Inventory has held steady at or around 99. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $424,900
Per Square Foot $236
Days on Market 77
Price Decreased 46%
Price Increased 1%
Relisted 3%
Inventory 99
Median Rent $2,125
Most Expensive $2,900,000
Least Expensive $170,000
Market Action 65
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
$787,000 3,387 0.25 - 0.5 acre 4 3 36 5 2 69
$459,000 2,000 8,000 - 10,000 sqft 4 2 47 7 7 56
$402,000 1,641 8,000 - 10,000 sqft 3 2 48 9 5 60
$295,000 1,204 4,500 - 6,500 sqft 3 1 47 3 7 120