Pango Group

Tempe, AZ

Single-Family Homes

www.pangogroup.com



Tempe, AZ

Sun Mar 16 2025
This week the median list price for Tempe, AZ is $604,999 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has increased to 193. 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.

Slight Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Tempe, AZ

Sun Mar 16 2025
This week the median list price for Tempe, AZ is $604,999 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has increased to 193. 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.

Slight Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $604,999
Median Price of New Listings $607,500
Per Square Foot $329
Average Days on Market 78
Median Days on Market 42
Price Decreased 54%
Price Increased 3%
Relisted 8%
Inventory 193
Median Rent
Market Action 41
Slight Seller's Advantage

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
$992,450 2,822 0.25 - 0.5 acre 4 3 40 9 3 49
$659,999 2,094 6,500 - 8,000 sqft 4 2 52 8 1 35
$559,900 1,752 6,500 - 8,000 sqft 3 2 54 7 5 42
$430,000 1,296 6,500 - 8,000 sqft 3 2 53 10 2 63