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

$606,775

AVERAGE PRICE OF 478 HOMES

$419,350

AVERAGE PRICE OF 2 DISTRESSED HOMES

$2,001,784

AVERAGE PRICE OF 46 MULTI-MILLION DOLLAR HOMES

$894,500

AVERAGE PRICE OF 2 NEWLY BUILT HOMES

$780,713

AVERAGE PRICE OF 137 HOMES WITH A POOL

$691,104

AVERAGE PRICE OF 22 REDUCED PRICE HOMES

Average Home

Average Price $606,775
Avg Bedrooms 2.79 beds
Avg Bathrooms 2.07 baths

Average Price by Bedrooms

1 bedroom $266,405
2 bedrooms $327,890
3 bedrooms $491,140
4 bedrooms $686,788
5 bedrooms $1,066,985
Tempe Home Price Trends
  1/2025 12/2024 11/2024 10/2024 9/2024
Total Listings 427 447 490 492 435
Average Price $612,698 $591,376 $587,326 $591,618 $602,356
Avg Price Change +3.61% +0.69% -0.73% -1.82% -0.59%
Median Price $483,785 $486,946 $498,990 $508,002 $509,209
Med Price Change -0.65% -2.47% -1.81% -0.24% -1.07%
Avg Bedrooms 2.76 beds 2.77 beds 2.81 beds 2.79 beds 2.8 beds
Avg Bathrooms 2.05 baths 2.03 baths 2.06 baths 2.05 baths 2.05 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Tempe High School 140 $557,622 89 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 478 $606,775 75 days
Distressed Homes 2 $419,350 44 days
Multi-Million Dollar Homes 46 $2,001,784 109 days
Newly Built Homes 2 $894,500 34 days
Homes with a Pool 137 $780,713 57 days
Reduced Price Homes 22 $691,104 48 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. February 15, 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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