$25,000
2401 W Southern Ave Lot 142
Tempe, AZ
2 bd1 ba744 sqft
Mobile home
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Tempe, AZ Housing Market & Real Estate
Balanced market+2.1% YoY
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Tempe, AZ is $475,000, up 2.1% year-over-year. Homes sell in an average of 50 days with 451 active listings. The market is currently a balanced market.
$475,000median sale price
Is Tempe a buyer's or seller's market?
Balanced market4.3 months of supply50 avg. days on market
Tempe, AZ is currently a balanced market, based on 4.3 months of supply and homes selling in about 50 days. How we determine this →
Homes sold
106
Last 12 weeks
Days on market
50
Average pace
Active listings
451
4.3 months supply
Sale-to-list
97.5%
Below asking
Tempe, AZ market data
| Metric | Value |
|---|---|
| Median sale price | $475,000 |
| Median list price | $499,000 |
| Year-over-year price change | +2.1% |
| Average days on market | 50 days |
| Active inventory | 451 listings |
| Months of supply | 4.3 months |
| Sale-to-list price ratio | 97.5% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Tempe housing market is currently classified as a balanced market with a median sale price of $475,000. Prices have risen 2.1% compared to last year, with homes spending an average of 50 days on market, indicating 4.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Tempe
There are currently 451 homes listed for sale in Tempe, Arizona. The median listing price is $499K. Featured listings range from $25,000 to $700,000.
$109,900
2401 W Southern Ave Lot 344
Tempe, AZ
3 bd2 ba1,680 sqft
Mobile home
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$240,000
600 W Grove Pkwy Apt 2061
Tempe, AZ
2 bd1 ba941 sqft
Condo947 sqft lot
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$349,900
3623 S Cutler Dr
Tempe, AZ
3 bd2 ba1,260 sqft
House7,469 sqft lot
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$349,995
1445 E Broadway Rd Unit 115
Tempe, AZ
2 bd2 ba1,046 sqft
Townhouse1,046 sqft lot
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$400,000
83 W Calle De Arcos
Tempe, AZ
2 bd2 ba1,289 sqft
Townhouse3,737 sqft lot
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$465,000
730 S Beck Ave
Tempe, AZ
3 bd3 ba1,206 sqft
Townhouse1,133 sqft lot
More about this property
$511,000
2342 E Alameda Dr
Tempe, AZ
4 bd2 ba1,548 sqft
House7,349 sqft lot
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$575,000
945 E Lilac Dr
Tempe, AZ
4 bd2 ba1,486 sqft
House7,192 sqft lot
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$585,000
539 W 17th St
Tempe, AZ
4 bd2 ba1,942 sqft
House7,762 sqft lot
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$599,999
1244 E Hermosa Dr
Tempe, AZ
3 bd2 ba1,576 sqft
House8,255 sqft lot
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$700,000
1266 E LA Jolla Dr
Tempe, AZ
5 bd2 ba2,199 sqft
House7,836 sqft lot
More about this property
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Active listings
451
Homes on market
Median list price
$499K
Avg. days on market
50
Days until sale
New this week
172
Newly listed
Price drops:28.8%of listings
Sale-to-list:97.5%
Top public schools in Tempe
50 schools tracked · 27,068 students
The largest public schools serving Tempe, AZ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
ASU Preparatory Academy Digital
Grades K-12 · 3,563 students
Corona Del Sol High School
Grades 9-12 · 2,668 students
Student Choice High School
Grades 9-12 · 1,781 students
Mcclintock High School
Grades 9-12 · 1,757 students
Tempe High School
Grades 9-12 · 1,485 students
Marcos De Niza High School
Grades 9-12 · 1,458 students
Connolly Middle School
Grades 6-8 · 915 students
Kyrene Middle School
Grades 5-8 · 725 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Explore nearby cities in AZ
Frequently asked questions
What is the average home price in Tempe?
The median home sale price in Tempe is $475,000, up 2.1% from last year.
How long do homes stay on market in Tempe?
Homes typically spend 50 days on market before going under contract.
Is Tempe a buyer's or seller's market?
With 4.3 months of supply, Tempe is currently a balanced market.
How many homes are for sale in Tempe?
There are currently 451 homes listed for sale in Tempe, AZ.
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