Amy Gerrish, Realtor & Data Scientist.

Tempe, AZ 85281

Single-Family Homes

Realty Executives



Tempe, AZ 85281

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. 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.

Strong Seller's Market

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 85281

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. 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.

Strong Seller's Market

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 $369,500
Per Square Foot $249
Days on Market 112
Price Decreased 36%
Price Increased 3%
Relisted 0%
Inventory 39
Median Rent $2,199
Most Expensive $570,000
Least Expensive $170,000
Market Action 50
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.

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
$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