Pango Group
Tempe, AZ
Single-Family Homes
www.pangogroup.com
Tempe, AZ
Mon Jul 20 2026
This week the median list price for Tempe, AZ is $550,000 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has increased to 267.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Real-Time Market Profile
| Median List Price | $550,000 | |
| Median Price of New Listings | $535,000 | |
| Per Square Foot | $317 | |
| Average Days on Market | 68 | |
| Median Days on Market | 49 | |
| Price Decreased | 52% | |
| Price Increased | 0% | |
| Relisted | 3% | |
| Inventory | 267 | |
| Median Rent | ||
| Market Action | 39 | |
| Slight Seller's Advantage | ||
The market seems to be pulling back from its high-point. This week prices eased a notch further down. The Market Action Index is a good leading indicator for the durability of this trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $779,900 | 2,512 | 8,000 - 10,000 sqft | 4 | 2.5 | 51 | 5 | 4 | 49 |
| $619,000 | 2,014 | 8,000 - 10,000 sqft | 4 | 2 | 53 | 4 | 3 | 49 |
| $524,000 | 1,647 | 6,500 - 8,000 sqft | 3 | 2 | 56 | 7 | 6 | 49 |
| $399,000 | 1,092 | 4,500 - 6,500 sqft | 3 | 2 | 52 | 9 | 4 | 38 |