Tempe Homes For Sale – Tempe, AZ

 

Tempe, Arizona is one of the most dynamic and desirable cities in the Phoenix metropolitan area, offering an outstanding combination of award-winning education, major employment centers, vibrant entertainment, outdoor recreation, and diverse housing options. Home to Arizona State University’s flagship campus, Tempe attracts students, professionals, families, retirees, and real estate investors from across the country.

Located between Phoenix, Scottsdale, Mesa, and Chandler, Tempe provides exceptional access to Sky Harbor International Airport, Loop 101, Loop 202, US-60, and Interstate 10, making commuting throughout the Valley convenient. Residents enjoy an energetic lifestyle centered around Tempe Town Lake, Mill Avenue, ASU sporting events, cultural attractions, and one of Arizona’s strongest employment corridors.

Whether you’re searching for a luxury custom home in South Tempe, a waterfront property near Tempe Town Lake, a townhome close to Arizona State University, or an investment property with strong rental potential, Tempe offers one of the most diverse housing markets in Arizona.

Quick Fact	Tempe
Location	Between Phoenix, Scottsdale, Mesa and Chandler, with access to Loop 101, Loop 202, US 60 and I-10
Community Type	City in the Phoenix metro area, home to Arizona State University's flagship campus
Neighborhoods	Maple-Ash, University Park, Mitchell Park, Hudson Manor, Broadmor, Riverside, Downtown Tempe
Home Types	Condos, townhomes, patio homes, mid-century ranch homes, gated communities and luxury custom estates
Golf Courses	Ken McDonald Golf Course and Rolling Hills Golf Course
Resident Amenities	Tempe Town Lake, Kiwanis Park, Papago Park, light rail, streetcar and recreation centers
Shopping & Dining	Tempe Marketplace, Arizona Mills and the Mill Avenue District
Lifestyle	Walkable Downtown Tempe and Mill Avenue, ASU sporting events and Tempe Center for the Arts
Nearby Areas	Most neighborhoods within about 10 to 20 minutes of Sky Harbor International Airport
Real Estate	Single-family homes $450,000 to over $1.2 million; luxury homes exceeding $4 million
Home Sizes	Condos 600 to 1,600 sq ft, single-family 1,200 to 5,500 sq ft, luxury estates 4,000 to over 10,000

Tempe at a Glance: Tempe is a city in the Phoenix metropolitan area and home to Arizona State University's flagship campus. It is largely built out, with housing from condominiums and townhomes to luxury custom estates.

Tempe Real Estate Market Overview

Tempe remains one of the Valley’s most resilient housing markets because of its limited land supply, strong employment base, and constant demand generated by Arizona State University and major corporate employers.

Current home prices generally range from:

• Condominiums: $250,000–$550,000
• Townhomes: $350,000–$700,000
• Single-family homes: $450,000–$1.2 million
• Luxury homes: $1.2 million to over $4 million

The median single-family home price is approximately $485,000–$500,000, while inventory has increased compared to previous years, giving buyers more choices and negotiating opportunities. South Tempe continues to command premium pricing because of larger homes, highly regarded schools, and established neighborhoods, while homes close to ASU and Tempe Town Lake remain highly sought after because of their walkability and investment potential.

Housing Options Throughout Tempe

Tempe offers an impressive variety of housing styles for nearly every buyer.

You’ll find:

• Luxury custom estates
• Waterfront homes
• Mid-century ranch homes
• Modern infill developments
• Townhomes
• Condominiums
• Patio homes
• Gated communities
• Student housing
• Investment properties
• New luxury redevelopment projects

Home sizes generally range from:

• Condominiums: 600–1,600 square feet
• Townhomes: 1,000–2,200 square feet
• Single-family homes: 1,200–5,500+ square feet
• Luxury estates: 4,000–10,000+ square feet

Popular Builders Throughout Tempe

Tempe features homes constructed over several decades by many respected builders, including:

• Fulton Homes
• Pulte Homes
• Blandford Homes
• Continental Homes
• UDC Homes
• Cavalier Homes
• Suggs Construction
• Custom local builders
• Numerous luxury design-build firms

Many older neighborhoods have also experienced significant redevelopment, with original homes replaced by contemporary custom residences.

New Communities and Redevelopment in Tempe

Because Tempe is largely built out, new single-family subdivisions are rare. Most new residential growth comes from redevelopment, mixed-use projects, luxury condominiums, and student-oriented housing.

Some of the city’s notable recent and ongoing developments include:

• South Pier at Tempe Town Lake, a large mixed-use district with residential, office, hotel, and retail components.
• Culdesac Tempe, a nationally recognized car-light residential community.
• The Samuel, a new residential development near Arizona State University.
• Continued expansion of luxury apartments and mixed-use developments around Mill Avenue and Tempe Town Lake.
• Arizona State University’s newest residence hall, supporting continued campus growth.

Housing Around Arizona State University

Homes surrounding Arizona State University continue to experience some of the strongest demand in Tempe.

Popular neighborhoods include:

• Maple-Ash
• University Park
• Mitchell Park
• Hudson Manor
• Broadmor
• Riverside
• Downtown Tempe
• Tempe Town Lake

Buyers in these areas include:

• Faculty and staff
• Students
• Parents purchasing homes for students
• Investors
• Young professionals
• Healthcare workers

Investment properties near ASU remain attractive because of consistent rental demand, walkability, and convenient access to light rail, restaurants, entertainment, and employment centers.

Community Amenities

Residents enjoy outstanding amenities throughout Tempe including:

• Tempe Town Lake
• Mill Avenue District
• ASU sporting events
• Valley Metro Light Rail
• Tempe Streetcar
• Kiwanis Park
• Papago Park
• Ken McDonald Golf Course
• Rolling Hills Golf Course
• Dozens of neighborhood parks
• Extensive biking and walking trails
• Community recreation centers

Things to Do in Tempe

Outdoor Recreation

Tempe offers endless opportunities for outdoor enthusiasts:

• Tempe Town Lake kayaking and paddleboarding
• Papago Park
• Hayden Butte (A Mountain)
• Desert Botanical Garden
• Phoenix Zoo
• Kiwanis Park
• Salt River recreation
• Tempe Beach Park

Shopping

Popular shopping destinations include:

• Tempe Marketplace
• Arizona Mills
• Mill Avenue District
• Scottsdale Fashion Square
• Chandler Fashion Center

Dining

Local favorites include:

• Culinary Dropout
• House of Tricks
• Postino Annex
• Four Peaks Brewing Company
• The Chuckbox
• Perfect Pear Bistro
• Ghost Ranch
• Alter Ego

Entertainment

Residents enjoy:

• ASU football
• ASU basketball
• Gammage Auditorium
• Mill Avenue nightlife
• Tempe Center for the Arts
• Ironman Arizona
• Festivals at Tempe Beach Park
• Live music throughout Downtown Tempe

Major Employers

Tempe’s strong employment market includes:

• Arizona State University
• State Farm Marina Heights
• Amazon
• Honeywell
• ADP
• NortonLifeLock
• Carvana
• Insight Enterprises
• Deloitte
• Wells Fargo

These employers continue to support long-term housing demand throughout the city.

Why Buyers Choose Tempe

Homebuyers continue choosing Tempe because of its:

• Central Valley location
• Arizona State University
• Excellent investment opportunities
• Walkable neighborhoods
• Strong employment market
• Diverse housing options
• Outdoor recreation
• Light rail access
• Entertainment
• Excellent long-term appreciation potential

Frequently Asked Questions About Tempe Real Estate

 

1. Is Tempe a good place to buy a home?

Yes. Tempe offers strong long-term demand because of Arizona State University, major employers, limited land for new development, and a central location within Metro Phoenix.

2. What is the average home price in Tempe?

Single-family homes generally range from $450,000 to over $1.2 million, with luxury homes exceeding $4 million. Median pricing is around $485,000–$500,000.

3. Is Tempe a good investment market?

Many investors are attracted to Tempe because of consistent rental demand generated by ASU, corporate employers, and a growing professional workforce.

4. What neighborhoods are closest to Arizona State University?

Popular neighborhoods include Maple-Ash, University Park, Broadmor, Mitchell Park, Riverside, Hudson Manor, and Downtown Tempe.

5. Are there luxury homes in Tempe?

Yes. South Tempe features numerous custom homes, gated communities, and luxury estates.

6. Are new communities still being built in Tempe?

Most new development consists of mixed-use projects, luxury apartments, condominiums, and redevelopment because Tempe is largely built out.

7. Which builders have developed homes in Tempe?

Builders include Fulton Homes, Pulte Homes, Continental Homes, Blandford Homes, UDC Homes, Cavalier Homes, and numerous custom builders.

8. Is Tempe walkable?

Yes. Downtown Tempe, Mill Avenue, Tempe Town Lake, and the ASU campus are among the Valley’s most walkable neighborhoods.

9. Is Tempe close to Sky Harbor Airport?

Yes. Most neighborhoods are within approximately 10–20 minutes of Phoenix Sky Harbor International Airport.

10. What golf courses are located in Tempe?

Residents enjoy Ken McDonald Golf Course, Rolling Hills Golf Course, and convenient access to numerous courses in Scottsdale, Chandler, and Mesa.

11. Why is housing near ASU so popular?

Homes near ASU offer strong rental demand, walkability, convenient transit access, and excellent long-term investment potential.

12. Why do buyers choose Tempe over neighboring cities?

Many buyers appreciate Tempe’s central location, employment opportunities, entertainment, higher education, outdoor recreation, diverse housing options, and long-term investment potential.

Learn More About Tempe Real Estate

Browse current listings, market updates, and neighborhood information on our Tempe Homes for Sale page.

Internal Link:
https://www.theholmgroupaz.com/tempe-homes-for-sale-2

You can also explore Scottsdale, Chandler, Mesa, and Phoenix communities throughout our website.

For information about parks, recreation, development projects, and community services, visit the official City of Tempe website.

External Link:
https://www.tempe.gov

Work With Andrew & The Holm Group

If you’re buying or selling a home in Tempe, Andrew & The Holm Group bring more than 26 years of experience helping clients throughout Tempe, Scottsdale, Phoenix, Chandler, Mesa, and the East Valley. Whether you’re looking for a primary residence, luxury property, investment home near ASU, or a condominium close to Tempe Town Lake, our team provides local expertise, strategic marketing, and skilled negotiation to help you achieve your real estate goals.

 

Let The Holm Group Help You Sell or Find Your Next Tempe, AZ Home.
Call Andrew @ The Holm Group Today at 480-206-4265.

Tempe Homes For Sale

 

 

Last Updated: October 2026