Tempe Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $230,000
    2% ( $5,000 ) vs Jan 2014
  • Median Sales Price
    $203,000
    4% ( $9,500 ) vs Jan 2014
  • Median Foreclosure Sales Price
    $146,500
    21% ( $38,500 ) vs Jan 2014
  • Foreclosures 352
    Homes for Sale 433
    Recently Sold 1,090

Market Summary

There are currently 352 properties in Tempe, AZ that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 433.

In February, the number of properties that received a foreclosure filing in Tempe, AZ was 18% lower than the previous month and 13% lower than the same time last year.

Home sales for January 2015 were up 25% compared with the previous month, and up 31% compared with a year ago. The median sales price of a non-distressed home was $203,000. The median sales price of a foreclosure home was $146,500, or 28% lower than non-distressed home sales.

Sales Prices - Tempe, AZ




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$146,500 (Median Foreclosure Sales Price) $185,000 (Median Foreclosure Sales Price) $180,500 (Median Foreclosure Sales Price) $185,000 (Median Foreclosure Sales Price) $183,050 (Median Foreclosure Sales Price) $187,300 (Median Foreclosure Sales Price) $203,000 (Median Sales Price) $212,500 (Median Sales Price) $210,250 (Median Sales Price) $212,000 (Median Sales Price) $207,250 (Median Sales Price) $207,500 (Median Sales Price) $146,500 (Median Foreclosure Sales Price) $185,000 (Median Foreclosure Sales Price) $180,500 (Median Foreclosure Sales Price) $185,000 (Median Foreclosure Sales Price) $183,050 (Median Foreclosure Sales Price) $187,300 (Median Foreclosure Sales Price) $203,000 (Median Sales Price) $212,500 (Median Sales Price) $210,250 (Median Sales Price) $212,000 (Median Sales Price) $207,250 (Median Sales Price) $207,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Phoenix
1,598
14.2
% (y-o-y)
$169,000
7.1
% (y-o-y)
27.8%
28.7
% (y-o-y)
Mesa
603
19.6
% (y-o-y)
$169,000
5.0
% (y-o-y)
11.4%
3.7
% (y-o-y)
Scottsdale
539
0.9
% (y-o-y)
$350,000
2.2
% (y-o-y)
Data not available
Chandler
318
11.7
% (y-o-y)
$230,000
2.0
% (y-o-y)
23.9%
18.0
% (y-o-y)
Glendale
295
12.2
% (y-o-y)
$165,000
1.2
% (y-o-y)
16.7%
20.3
% (y-o-y)
Gilbert
282
11.6
% (y-o-y)
$245,950
0.7
% (y-o-y)
7.3%
7.9
% (y-o-y)
Peoria
218
11.0
% (y-o-y)
$199,000
2.0
% (y-o-y)
24.4%
19.4
% (y-o-y)
Queen Creek
176
3.3
% (y-o-y)
$170,000
3.3
% (y-o-y)
7.4%
9.4
% (y-o-y)
Apache Junction
98
9.3
% (y-o-y)
$138,000
0.9
% (y-o-y)
13.0%
6.6
% (y-o-y)
Maricopa
94
81.2
% (y-o-y)
$143,700
2.7
% (y-o-y)
24.1%
9.4
% (y-o-y)

Local Info For Tempe

Population:
164,147
Cost of Living Index: 115.58
Crime Index: 111.50     Rating: B- View crime details
Schools: 47    Average School Rating: B- View individual school rating
Household Median Income: $47,443
Unemployment: 5.30%
Percentage of vacant homes: 11.19%