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Tempe

Why you'd want to live in Tempe

Tempe, Arizona is one of the Valley’s most dynamic housing markets, thanks to its central location and the presence of Arizona State University. The steady demand from students, young professionals, and long-term residents makes it a strong market for both buyers and investors. Housing options range from mid-century single-family homes to modern condos and townhomes. Compared to nearby Scottsdale, Tempe offers more affordability while still providing access to Tempe Town Lake, Mill Avenue, and major employers. Its strong rental market and consistent appreciation continue to attract investors looking for reliable returns. Overall, Tempe balances lifestyle and investment opportunity, making it one of the most sought-after communities in the Valley.

Tempe Market Report

$602,651

AVERAGE PRICE OF 582 HOMES

$334,999

AVERAGE PRICE OF 3 DISTRESSED HOMES

$1,988,025

AVERAGE PRICE OF 52 MULTI-MILLION DOLLAR HOMES

$2,129,800

AVERAGE PRICE OF 5 NEWLY BUILT HOMES

$826,702

AVERAGE PRICE OF 144 HOMES WITH A POOL

$511,050

AVERAGE PRICE OF 38 REDUCED PRICE HOMES

Average Home

Average Price $602,651
Avg Bedrooms 2.77 beds
Avg Bathrooms 2.12 baths

Average Price by Bedrooms

1 bedroom $316,843
2 bedrooms $341,310
3 bedrooms $511,618
4 bedrooms $754,410
5 bedrooms $1,060,063
Tempe Home Price Trends
  2/2026 1/2026 12/2025 11/2025 10/2025
Total Listings 535 468 468 525 538
Average Price $615,446 $607,870 $618,379 $627,953 $627,147
Avg Price Change +1.25% -1.73% -1.55% +0.13% +2.73%
Median Price $494,473 $489,683 $495,604 $498,629 $492,659
Med Price Change +0.98% -1.21% -0.61% +1.21% -0.87%
Avg Bedrooms 2.81 beds 2.75 beds 2.76 beds 2.84 beds 2.81 beds
Avg Bathrooms 2.13 baths 2.08 baths 2.08 baths 2.11 baths 2.09 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Tempe High School 194 $573,400 84 days
Total Homes Average Price Avg Days on Site
All Homes 582 $602,651 77 days
Distressed Homes 3 $334,999 94 days
Multi-Million Dollar Homes 52 $1,988,025 121 days
Newly Built Homes 5 $2,129,800 109 days
Homes with a Pool 144 $826,702 63 days
Reduced Price Homes 38 $511,050 89 days
Team Faber Real Estate | Specialists | Real Brokerage
Megan Faber
10105 E Via Linda #103-454
Scottsdale, AZ 85258
480-822-8980

Jon Mount
Area Manager / Mortgage Loan Originator
NMLS #155371

Acrisure Mortgage, LLC
NMLS #123456 | AZ Mortgage Banker License #BK-0987654
383 Inverness Parkway, Suite 240, Englewood, CO 80112
jmount@acrisuremortgage.com
Equal Housing Lender


© 2026 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 Paul and Megan Faber - REAL Brokerage - Scottsdale, AZ 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. March 13, 2026
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