Source for monthly Tempe Housing Market Report by Realtors serving Tempe, AZ. Information is power. Facts not fiction from the Arizona Regional Multiple Listing Service (ARMLS).
Text 602-300-0374
LISTINGS TO BEGIN AUGUST and JULY RESULTS
(Table may require a swipe left on mobile devices)
Strong Buyer's Market | Buyer's Market | Balanced | Seller's Market | Strong Seller's Market |
On a price per-square foot average (see table below):
At $295 per-square foot in August, prices are down +$8 from August, up $2 from last September, but down $19 from their peak in May '22
Last month, sellers received an average of -$14,833 less than their asking prices
October 2024 began 223 listings, which is 181% of the 3 year average of 123 (from 2021-2023)
September had 64 sales, or 51% of the 3 year average of 126 (from 2021-2023)
Tempe is currently turning over housing inventory once every 3.0 months
Days on market for sold homes are currently 59
Bank-owned properties and short sales make up only 0.0% of all Tempe sales
Tempe Housing Market Report Updated in October 2024
To reduce data errors results are based on:
Tempe SOLD single family residences, patio homes, and townhomes (ask us about condos)
List/sales price under $1,000,000
Size over 1,000 sq ft.
Calendar month
Tempe sales data below will increase your understanding the local housing market (we have city data archived back to January 2008).
(Table may require a swipe left on mobile devices)
Month | Total Active | Total Sold | % Sold | MO. INV. | Sq ft | Price | DOM | $$ sq ft | +/- List Price |
Oct-24 | 223 |
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Sep-24 | 193 | 64 | 33.2% | 3.0 | 1,785 | $526,300 | 59 | $295 | -$14,833 |
Aug-24 | 178 | 84 | 47.2% | 2.1 | 1,645 | $498,914 | 53 | $303 | -$11,532 |
Jul-24 | 179 | 94 | 52.5% | 1.9 | 1,772 | $526,195 | 46 | $297 | -$9,779 |
Jun-24 | 163 | 105 | 64.4% | 1.6 | 1,714 | $517,587 | 38 | $302 | -$8,263 |
May-24 | 149 | 128 | 85.9% | 1.2 | 1,810 | $532,199 | 49 | $294 | -$10,110 |
Apr-24 | 129 | 88 | 68.2% | 1.5 | 1,735 | $522,773 | 41 | $301 | -$4,641 |
Mar-24 | 125 | 83 | 66.4% | 1.5 | 1,720 | $506,302 | 55 | $294 | -$8,686 |
Feb-24 | 104 | 95 | 91.3% | 1.1 | 1,731 | $508,860 | 56 | $294 | -$10,914 |
Jan-24 | 148 | 59 | 39.9% | 2.5 | 1,681 | $475,638 | 53 | $283 | -$12,989 |
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Dec-23 | 163 | 76 | 46.6% | 2.1 | 1,763 | $510,995 | 37 | $290 | -$12,847 |
Nov-23 | 155 | 69 | 44.5% | 2.2 | 1,707 | $471,653 | 46 | $276 | -$14,319 |
Oct-23 | 147 | 88 | 59.9% | 1.7 | 1,754 | $524,027 | 47 | $299 | -$8,087 |
Sep-23 | 126 | 89 | 70.6% | 1.4 | 1,777 | $519,927 | 36 | $293 | -$6,247 |
Aug-23 | 110 | 88 | 80.0% | 1.3 | 1,755 | $518,540 | 40 | $295 | -$8,431 |
Jul-23 | 102 | 74 | 72.5% | 1.4 | 1,599 | $471,394 | 47 | $295 | -$7,041 |
Jun-23 | 89 | 101 | 113.5% | 0.9 | 1,712 | $498,075 | 46 | $291 | -$6,659 |
May-23 | 87 | 102 | 117.2% | 0.9 | 1,745 | $512,053 | 40 | $293 | -$6,399 |
Apr-23 | 102 | 92 | 90.2% | 1.1 | 1,758 | $474,416 | 58 | $270 |
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Mar-23 | 128 | 92 | 71.9% | 1.4 | 1,626 | $449,678 | 75 | $277 |
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Feb-23 | 143 | 82 | 57.3% | 1.7 | 1,658 | $471,908 | 72 | $285 |
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Jan-23 | 176 | 76 | 43.2% | 2.3 | 1,760 | $469,844 | 68 | $267 |
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Dec-22 | 208 | 85 | 40.9% | 2.4 | 1,825 | $488,484 | 68 | $268 |
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Nov-22 | 239 | 75 | 31.4% | 3.2 | 1,838 | $471,704 | 50 | $257 |
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Oct-22 | 256 | 100 | 39.1% | 2.6 | 1,737 | $502,988 | 45 | $290 |
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Sep-22 | 272 | 103 | 37.9% | 2.6 | 1,738 | $502,989 | 46 | $289 |
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Aug-22 | 270 | 114 | 42.2% | 2.4 | 1,719 | $505,799 | 34 | $294 |
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Jul-22 | 192 | 109 | 56.8% | 1.8 | 1,741 | $519,040 | 23 | $298 |
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Jun-22 | 121 | 149 | 123.1% | 0.8 | 1,732 | $539,292 | 20 | $311 |
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May-22 | 70 | 157 | 224.3% | 0.4 | 1,699 | $534,267 | 20 | $314 |
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Apr-22 | 57 | 139 | 243.9% | 0.4 | 1,782 | $553,940 | 21 | $311 |
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Mar-22 | 48 | 149 | 310.4% | 0.3 | 1,799 | $531,940 | 29 | $296 |
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Feb-22 | 63 | 130 | 206.3% | 0.5 | 1,765 | $516,441 | 28 | $293 |
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Jan-22 | 70 | 138 | 197.1% | 0.5 | 1,753 | $493,215 | 34 | $281 |
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Dec-21 | 102 | 149 | 146.1% | 0.7 | 1,801 | $488,267 | 29 | $271 |
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Nov-21 | 130 | 167 | 128.5% | 0.8 | 1,612 | $448,206 | 32 | $278 |
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Oct-21 | 125 | 174 | 139.2% | 0.7 | 1,763 | $471,943 | 30 | $268 |
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Sep-21 | 128 | 175 | 136.7% | 0.7 | 1,739 | $459,276 | 27 | $264 |
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Aug-21 | 121 | 189 | 156.2% | 0.6 | 1,707 | $459,827 | 24 | $269 |
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Jul-21 | 97 | 178 | 183.5% | 0.5 | 1,690 | $442,669 | 22 | $262 |
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Jun-21 | 65 | 187 | 287.7% | 0.3 | 1,782 | $471,446 | 20 | $265 |
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May-21 | 48 | 157 | 327.1% | 0.3 | 1,816 | $463,935 | 21 | $255 |
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Apr-21 | 60 | 190 | 316.7% | 0.3 | 1,757 | $428,097 | 24 | $244 |
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Mar-21 | 46 | 176 | 382.6% | 0.3 | 1,756 | $414,071 | 26 | $236 |
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Feb-21 | 57 | 160 | 280.7% | 0.4 | 1,731 | $391,627 | 30 | $226 |
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Jan-21 | 70 | 141 | 201.4% | 0.5 | 1,746 | $383,451 | 42 | $220 |
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Table Explanation for Tempe Housing Market Report
NOTE: we use the term “foreclosure” to describe bank owned homes and short sales because most people are familiar with it. “Distressed Properties” may be more accurate.
Total Active – # of homes for sale at the beginning of the current month
Total Sold – # of homes sold in the current month
% Sold – a ratio of total sold to total active
MO. INV. – based on total sold, how many months it would take to sell the total “active” inventory
Sq ft – average square footage of sold homes
Price – average sales price of sold homes
DOM – Days On Market, or average days to sale
$ sq ft – average price per square foot
+/- List Price – the average dollars received by sellers above or below their average list prices
Monthly Tempe Housing Market Report by Realtors serving Tempe, AZ
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