Tempe, AZ
Housing market overview · Updated weekly
$475,000median sale price
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
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
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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.
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