Clear Title Agency of Arizona

Tempe, AZ 85284

Single-Family Homes

Where Quality Finds a Home |cleartitleaz.com | 480.278.8484



Tempe, AZ 85284

Sat Dec 03 2022
This week the median list price for Tempe, AZ 85284 is $745,000 with the market action index hovering around 47. This is less than last month's market action index of 48. Inventory has decreased to 28. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 85284

Sat Dec 03 2022
This week the median list price for Tempe, AZ 85284 is $745,000 with the market action index hovering around 47. This is less than last month's market action index of 48. Inventory has decreased to 28. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $745,000
Median Price of New Listings $925,000
Per Square Foot $307
Average Days on Market 56
Median Days on Market 42
Price Decreased 68%
Price Increased 0%
Relisted 4%
Inventory 28
Median Rent
Market Action 47
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,680,000 4,185 0.5 - 1 acre 4 4 35 0 1 42
$899,900 3,052 8,000 - 10,000 sqft 4 3 35 1 2 14
$709,999 2,582 8,000 - 10,000 sqft 4 2.5 33 0 1 105
$524,990 1,806 4,500 - 6,500 sqft 3 2 28 0 2 49