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Tempe Real Estate Market
Weekly Housing Trends & Home Prices
Track Tempe real estate with weekly inventory, new listings, contracts, prices and days on market from ARMLS data.
Tempe Real Estate Market This Week
This report tracks single-family and residential listings in the City of Tempe each week, with a closer look at the luxury segment.
536Active homes for sale▲ +0.2% vs. prior week
46New listings this week▲ +9.5% vs. prior week
31Under contract this week▼ -6.1% vs. prior week
18Closed sales this week▼ -14.3% vs. prior week
$455,000Median asking price▼ -1.1% vs. prior week
$430,000Median sold price (30 days)• 0.0% vs. prior week
40 daysMedian days to contract▼ -1 days vs. prior week
76Price reductions this week▲ +13.4% vs. prior week
Tempe had 536 homes for sale this week, with 46 new listings and 31 homes going under contract. 18 homes closed, and 76 active listings reduced their price. Over the last 30 days, the median sold price was $430,000 and homes took a median of 40 days to go under contract. New listings and contract activity were fairly balanced.
Tempe Market Indicators
This week compared with the prior week.
| Market indicator | This week | Change |
|---|---|---|
| Active homes for sale | 536 | ▲ +0.2% vs. prior week |
| New listings this week | 46 | ▲ +9.5% vs. prior week |
| Homes going under contract this week | 31 | ▼ -6.1% vs. prior week |
| Closed sales this week | 18 | ▼ -14.3% vs. prior week |
| Median asking price | $455,000 | ▼ -1.1% vs. prior week |
| Median sold price (last 30 days) | $430,000 | • 0.0% vs. prior week |
| Median days to contract (last 30 days) | 40 days | ▼ -1 days vs. prior week |
| Price reductions this week | 76 | ▲ +13.4% vs. prior week |
Tempe Luxury Market
Active luxury homes and homes going under contract this week, by price range.
| Price range | Active listings | Under contract this week |
|---|---|---|
| $1M – $2M | 16 | 3 |
| $2M – $3M | 2 | 0 |
| $3M – $5M | 3 | 1 |
| $5M+ | 0 | 0 |
Tempe had 21 active homes priced at $1 million and up this week, and 4 of them went under contract. Higher price ranges usually have fewer buyers, so homes there tend to take longer to sell.
Tempe Monthly Housing Market Trends
Monthly figures reported by Flexmls for Tempe single-family and residential listings.
| Month | Active listings | New listings | Pending | Sold | Median asking | Median sold | Avg. days on market |
|---|---|---|---|---|---|---|---|
| Sep 2026 | 550 | 161 | 78 | 103 | $452,500 | $450,000 | 75 |
| Aug 2026 | 519 | 190 | 103 | 104 | $450,000 | $452,500 | 56 |
| Jul 2026 | 499 | 195 | 106 | 114 | $450,000 | $470,500 | 64 |
| Jun 2026 | 440 | 201 | 112 | 144 | $463,389 | $455,000 | 61 |
| May 2026 | 448 | 183 | 128 | 135 | $468,950 | $481,000 | 59 |
| Apr 2026 | 419 | 208 | 143 | 145 | $475,000 | $475,000 | 65 |
View monthly market charts
Monthly Inventory
Tempe inventory
Information is deemed to be reliable, but is not guaranteed. © 2026
Median Asking and Sold Prices
Tempe median prices
Information is deemed to be reliable, but is not guaranteed. © 2026
Days on Market
Tempe days on market
Information is deemed to be reliable, but is not guaranteed. © 2026
Is Tempe a Buyer’s or Seller’s Market?
It depends on the property type and price range. A buyer’s market generally occurs when inventory exceeds demand, giving buyers more options and negotiating room. A seller’s market develops when inventory is limited relative to demand. In Tempe, an updated family home in central or south Tempe may draw strong interest while a condo near campus attracts a different mix of investors and first-time buyers, because each segment has a different buyer pool.
Should I Buy or Sell in Tempe Right Now?
For buyers, current inventory, competing listings, financing costs and negotiating opportunities matter most. For sellers, start with a review of competing homes, recent comparable sales, buyer demand and your home’s condition and pricing. The most useful question is how current conditions affect your specific home and neighborhood.
Tempe Real Estate Market FAQs
What is the current median home price in Tempe?
It changes with the reporting period and property type. The weekly numbers above show the current median asking price and the median sold price over the last 30 days, and the monthly table shows longer-term trends.
How many homes are for sale in Tempe right now?
The number of active listings changes daily. This report shows an updated weekly count from ARMLS data for single-family and residential listings with a Tempe city designation.
Is Tempe a buyer’s or seller’s market?
It depends on property type and price range. Condos near ASU, family homes and lake homes can behave very differently, so compare inventory and days to contract for the type of home you are buying or selling.
Are Tempe home prices going up or down?
Trends vary by neighborhood and price range. A change in median sold price can reflect the mix of homes that closed rather than a change in every home’s value.
How long does it take to sell a home in Tempe?
It depends on condition, pricing, location and competition. See the median days to contract above for current conditions.
Are there golf courses in Tempe?
Yes. Ken McDonald and Rolling Hills are city-run public courses. Some former courses, such as Shalimar and ASU Karsten, have closed.
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Receive our Tempe market report with the latest data and insights, or ask for a report on a specific community.
Data source: Arizona Regional Multiple Listing Service (ARMLS) via Flexmls. Weekly figures cover the 7 days ending on the date shown; median sold price and days to contract use the last 30 days of closed sales. Figures come from listings available to our website and may differ slightly from official MLS reports.
Local guide
Tempe Real Estate Market: What to Know
The Tempe real estate market changes week to week. This page shows the latest numbers in plain language, so you can make better decisions.
What the Numbers Show
The weekly report tracks active listings, new listings and prices. It also shows the median days to contract. As a result, you can see whether homes are selling fast or slow right now.
Why Each Segment Is Different
Tempe has many types of homes. For example, condos near ASU, family homes in south Tempe and lake homes in The Lakes each have their own buyers. Therefore, a single citywide number does not tell the whole story.
How Buyers and Sellers Can Use This Report
Buyers can see how much room they have to negotiate. Sellers, on the other hand, can set a realistic price and timeline. In addition, both can track changes over several weeks.
Get a Closer Look
Numbers are a starting point. For a look at your neighborhood or home, browse all Tempe communities and homes for sale, or contact The Holm Group.
Common Questions About the Tempe Market
How often is this report updated? The market numbers update every week.
Where does the data come from? The report uses ARMLS listing data for homes with a Tempe city designation.
Can you give me numbers for my neighborhood? Yes. We can pull recent sales and listings for your specific area.
Ask Andrew
Want a personalized Tempe market analysis?
Every home and neighborhood has its own market conditions. Andrew can explain what current trends mean for your home, your neighborhood and your plans.
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