Tempe

Why you'd want to live in Tempe

Tempe, AZ, nestled in Maricopa County, exudes urban vibrancy and youthful energy. Its real estate market offers a diverse array of options, from modern condos to historic homes, catering to various lifestyles. Boasting proximity to Arizona State University, Tempe attracts students, professors, and professionals alike, creating a dynamic cultural landscape. The city's vibrant downtown is dotted with trendy eateries, eclectic shops, and entertainment venues, making it a hotspot for residents and visitors alike. With scenic views of Tempe Town Lake and a plethora of outdoor recreational activities, Tempe promises an active lifestyle immersed in natural beauty. The community thrives with top-rated schools, parks, and cultural attractions, fostering a family-friendly environment. With a growing economy and development projects, Tempe presents promising investment opportunities for real estate enthusiasts. Experience the essence of Arizona living in Tempe, where urban excitement meets suburban comfort, creating an enticing destination for homebuyers and investors seeking a blend of culture, convenience, and opportunity.

Tempe AZ real estate housing market urban living Arizona State University downtown condos family-friendly neighborhoods Tempe Town Lake outdoor recreation cultural attractions investment opportunities Maricopa County

Tempe Market Report

$608,009

AVERAGE PRICE OF 423 HOMES

$419,350

AVERAGE PRICE OF 2 DISTRESSED HOMES

$2,078,264

AVERAGE PRICE OF 42 MULTI-MILLION DOLLAR HOMES

$2,690,000

AVERAGE PRICE OF 3 NEWLY BUILT HOMES

$838,307

AVERAGE PRICE OF 108 HOMES WITH A POOL

$563,573

AVERAGE PRICE OF 27 REDUCED PRICE HOMES

Average Home

Average Price $608,009
Avg Bedrooms 2.75 beds
Avg Bathrooms 2.04 baths

Average Price by Bedrooms

1 bedroom $228,842
2 bedrooms $322,601
3 bedrooms $473,611
4 bedrooms $724,145
5 bedrooms $1,146,648
Tempe Home Price Trends
  12/2024 11/2024 10/2024 9/2024 8/2024
Total Listings 447 490 492 435 407
Average Price $591,376 $587,326 $591,618 $602,356 $605,880
Avg Price Change +0.69% -0.73% -1.82% -0.59% +1.94%
Median Price $486,946 $498,990 $508,002 $509,209 $514,641
Med Price Change -2.47% -1.81% -0.24% -1.07% -1.46%
Avg Bedrooms 2.77 beds 2.81 beds 2.79 beds 2.8 beds 2.75 beds
Avg Bathrooms 2.03 baths 2.06 baths 2.05 baths 2.05 baths 2.04 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Tempe High School 144 $518,791 76 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 423 $608,009 76 days
Distressed Homes 2 $419,350 24 days
Multi-Million Dollar Homes 42 $2,078,264 103 days
Newly Built Homes 3 $2,690,000 57 days
Homes with a Pool 108 $838,307 66 days
Reduced Price Homes 27 $563,573 78 days
AZ Dream Home Search
919 North Stapley Drive Suite M
Mesa, AZ 85203
Designated Broker/ Owner Steven Halen
480-253-0071
steve@azdreamhomesearch.com

© 2025 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Steve Halen - R&S Premier Properties are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. January 12, 2025
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Steve Halen - R&S Premier Properties are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2025 MLS of Southern Arizona. All Rights Reserved.
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