Clear Title Agency of Arizona

Tempe, AZ 85284

Single-Family Homes

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Tempe, AZ 85284

Fri Jan 21 2022
This week the median list price for Tempe, AZ 85284 is $1,593,944 with the market action index hovering around 69. This is less than last month's market action index of 72. Inventory has held steady at or around 8. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Tempe, AZ 85284

Fri Jan 21 2022
This week the median list price for Tempe, AZ 85284 is $1,593,944 with the market action index hovering around 69. This is less than last month's market action index of 72. Inventory has held steady at or around 8. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $1,593,944
Median Price of New Listings $895,000
Per Square Foot $302
Average Days on Market 83
Median Days on Market 53
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent $2,599
Market Action 69
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$2,775,888 8,822 1 - 2.5 acres 6 8 25 0 0 227
$1,819,444 5,003 0.5 - 1 acre 5 4.8 31 1 0 28
$1,197,000 3,893 0.5 - 1 acre 4 2.8 35 1 1 14
$784,450 3,192 0.25 - 0.5 acre 4 3.3 20 1 3 63