Pango Group

Tempe, AZ

Single-Family Homes

www.pangogroup.com



Tempe, AZ

Sat Apr 19 2025
This week the median list price for Tempe, AZ is $599,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has increased to 215. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Tempe, AZ

Sat Apr 19 2025
This week the median list price for Tempe, AZ is $599,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has increased to 215. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $599,000
Median Price of New Listings $560,000
Per Square Foot $320
Average Days on Market 71
Median Days on Market 35
Price Decreased 51%
Price Increased 2%
Relisted 4%
Inventory 215
Median Rent
Market Action 40
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
$989,900 2,813 0.25 - 0.5 acre 4 3 40 5 4 63
$649,000 1,959 6,500 - 8,000 sqft 4 2 53 6 8 21
$550,000 1,766 6,500 - 8,000 sqft 3 2 53 11 7 31
$449,999 1,416 6,500 - 8,000 sqft 3 2 53 9 7 35