Mon Oct 19 2020
This week the median list price for Tempe, AZ 85281 is $369,500 with the market action index hovering around 50. This is an increase over last month's market action index of 47. Inventory has held steady at or around 39.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$369,500|
|Per Square Foot||$249|
|Days on Market||112|
|Strong Seller's Market|
We continue to see prices in this zip bounce around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$515,000||2,012||8,000 - 10,000 sqft||3||2||60||2||1||66|
|$399,450||1,594||0 - 4,500 sqft||3||2||60||3||1||100|
|$305,000||1,362||0 - 4,500 sqft||3||2||60||2||3||156|
|$210,000||600||0 - 4,500 sqft||1||1||0||0||0||119|