First American Title Market Report

Tempe, AZ

Single-Family Homes



Tempe, AZ

Wed Apr 24 2024
This week the median list price for Tempe, AZ is $598,950 with the market action index hovering around 52. This is an increase over last month's market action index of 49. Inventory has increased to 116. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Tempe, AZ

Wed Apr 24 2024
This week the median list price for Tempe, AZ is $598,950 with the market action index hovering around 52. This is an increase over last month's market action index of 49. Inventory has increased to 116. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Tempe market.
Median List Price $598,950
Median Price of New Listings $554,500
Per Square Foot $326
Average Days on Market 73
Median Days on Market 28
Price Decreased 50%
Price Increased 0%
Relisted 3%
Inventory 116
Median Rent
Market Action 52
Strong Seller's Market

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
$948,999 2,892 0.25 - 0.5 acre 4 3 47 5 4 49
$649,000 2,043 8,000 - 10,000 sqft 4 2 52 3 1 42
$565,000 1,682 6,500 - 8,000 sqft 3 2 53 9 4 28
$494,900 1,456 6,500 - 8,000 sqft 3 2 53 9 9 14