Old Republic Title's Market Report

Tempe, AZ

Single-Family Homes



Tempe, AZ

Tue Mar 19 2024
This week the median list price for Tempe, AZ is $595,000 with the market action index hovering around 47. This is an increase over last month's market action index of 45. Inventory has increased to 113. 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

Tue Mar 19 2024
This week the median list price for Tempe, AZ is $595,000 with the market action index hovering around 47. This is an increase over last month's market action index of 45. Inventory has increased to 113. 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 $595,000
Median Price of New Listings $575,000
Per Square Foot $322
Average Days on Market 94
Median Days on Market 42
Price Decreased 55%
Price Increased 1%
Relisted 6%
Inventory 113
Median Rent
Market Action 47
Strong Seller's Market

The market is 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
$924,499 2,649 0.25 - 0.5 acre 4 3 47 3 2 52
$625,000 2,031 8,000 - 10,000 sqft 4 2 52 5 6 21
$561,999 1,693 6,500 - 8,000 sqft 3 2 52 5 3 42
$495,000 1,533 6,500 - 8,000 sqft 3 2 61 6 7 63