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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

$511,252

AVERAGE PRICE OF 598 HOMES

$314,979

AVERAGE PRICE OF 5 DISTRESSED HOMES

$1,786,836

AVERAGE PRICE OF 25 MULTI-MILLION DOLLAR HOMES

$386,990

AVERAGE PRICE OF 22 NEWLY BUILT HOMES

$711,564

AVERAGE PRICE OF 133 HOMES WITH A POOL

Average Home

Average Price $511,252
Avg Bedrooms 2.96 beds
Avg Bathrooms 2.24 baths

Average Price by Bedrooms

1 bedroom $259,375
2 bedrooms $348,811
3 bedrooms $517,005
4 bedrooms $661,988
5 bedrooms $841,352
Tempe Home Price Trends
  9/2026 8/2026 7/2026 6/2026 5/2026
Total Listings n/a 583 566 n/a n/a
Average Price n/a $517,303 $525,832 n/a n/a
Avg Price Change n/a -1.65% n/a n/a n/a
Median Price n/a $463,352 $474,376 n/a n/a
Med Price Change n/a -2.38% n/a n/a n/a
Avg Bedrooms n/a 2.94 beds 2.97 beds n/a n/a
Avg Bathrooms n/a 2.21 baths 2.22 baths n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Corona Del Sol High School 43 $905,667 73 days
Coronado High School 13 $553,838 63 days
Marcos De Niza High School 122 $531,986 74 days
McClintock High School 154 $467,364 80 days
Tempe High School 235 $480,528 84 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 598 $511,252 79 days
Distressed Homes 5 $314,979 87 days
Multi-Million Dollar Homes 25 $1,786,836 104 days
Newly Built Homes 22 $386,990 54 days
Homes with a Pool 133 $711,564 76 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


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