First Integrity Title Market Report

Tempe, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 303.837.9171



Tempe, AZ

Thu Dec 08 2022
This week the median list price for Tempe, AZ is $334,000 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has decreased to 69. 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

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

Thu Dec 08 2022
This week the median list price for Tempe, AZ is $334,000 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has decreased to 69. 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

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 $334,000
Median Price of New Listings $334,500
Per Square Foot $302
Average Days on Market 63
Median Days on Market 49
Price Decreased 55%
Price Increased 3%
Relisted 3%
Inventory 69
Median Rent
Market Action 41
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$495,000 1,708 0 - 4,500 sqft 2 2.5 19 1 0 49
$350,000 1,230 0 - 4,500 sqft 3 2 43 1 2 63
$319,000 1,056 0 - 4,500 sqft 2 2 39 1 2 70
$279,450 984 0 - 4,500 sqft 2 1.5 38 1 4 38