Old Republic Title Market Report

Tempe, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Tempe, AZ

Thu Feb 27 2020
This week the median list price for Tempe, AZ is $397,000 with the market action index hovering around 57. This is an increase over last month's market action index of 52. Inventory has held steady at or around 97. 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

Thu Feb 27 2020
This week the median list price for Tempe, AZ is $397,000 with the market action index hovering around 57. This is an increase over last month's market action index of 52. Inventory has held steady at or around 97. 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 $397,000
Per Square Foot $224
Days on Market 80
Price Decreased 35%
Price Increased 0%
Relisted 3%
Inventory 97
Median Rent $1,950
Most Expensive $1,679,000
Least Expensive $185,000
Market Action 57
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
$687,000 3,220 0.25 - 0.5 acre 4 3 39 7 7 90
$445,000 2,079 8,000 - 10,000 sqft 4 2 47 4 6 84
$369,500 1,585 8,000 - 10,000 sqft 3 2 48 6 9 58
$313,950 1,380 0 - 4,500 sqft 3 2 55 6 12 86