Old Republic Title Market Report

Tempe, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Tempe, AZ

Wed Oct 23 2019
This week the median list price for Tempe, AZ is $384,500 with the market action index hovering around 57. This is an increase over last month's market action index of 54. Inventory has held steady at or around 145. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Tempe, AZ

Wed Oct 23 2019
This week the median list price for Tempe, AZ is $384,500 with the market action index hovering around 57. This is an increase over last month's market action index of 54. Inventory has held steady at or around 145. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $384,500
Per Square Foot $199
Days on Market 64
Price Decreased 54%
Price Increased 2%
Relisted 5%
Inventory 145
Median House Rent $1,850
Most Expensive $1,695,000
Least Expensive $158,750
Market Action Index
Strong Seller's Market
57

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 4,020 0.25 - 0.5 acre 5 3 38 5 3 105
$429,900 2,339 8,000 - 10,000 sqft 4 2 43 8 10 70
$350,449 1,666 8,000 - 10,000 sqft 3 2 49 7 7 39
$290,000 1,423 0 - 4,500 sqft 3 2 48 8 10 40