Tempe Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $229,950
    0% ( $950 ) vs Jul 2013
  • Median Sales Price
    $205,000
    0% ( $500 ) vs Jul 2013
  • Median Foreclosure Sales Price
    $190,500
    12% ( $20,276 ) vs Jul 2013
  • Foreclosures 443
    Homes for Sale 434
    Recently Sold 2,000

Market Summary

There are currently 443 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 434.

In August, the number of properties that received a foreclosure filing in Tempe, AZ was 63% lower than the previous month and 66% lower than the same time last year.

Home sales for July 2014 were down 23% compared with the previous month, and down 42% compared with a year ago. The median sales price of a non-distressed home was $205,000. The median sales price of a foreclosure home was $190,500, or 7% lower than non-distressed home sales.

Sales Prices - Tempe, AZ




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$190,500 (Median Foreclosure Sales Price) $170,224 (Median Foreclosure Sales Price) $149,743 (Median Foreclosure Sales Price) $146,550 (Median Foreclosure Sales Price) $168,000 (Median Foreclosure Sales Price) $175,000 (Median Foreclosure Sales Price) $205,000 (Median Sales Price) $205,500 (Median Sales Price) $201,400 (Median Sales Price) $198,000 (Median Sales Price) $200,000 (Median Sales Price) $200,000 (Median Sales Price) $190,500 (Median Foreclosure Sales Price) $170,224 (Median Foreclosure Sales Price) $149,743 (Median Foreclosure Sales Price) $146,550 (Median Foreclosure Sales Price) $168,000 (Median Foreclosure Sales Price) $175,000 (Median Foreclosure Sales Price) $205,000 (Median Sales Price) $205,500 (Median Sales Price) $201,400 (Median Sales Price) $198,000 (Median Sales Price) $200,000 (Median Sales Price) $200,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Phoenix
1,527
49.9
% (y-o-y)
$166,000
0.9
% (y-o-y)
25.9%
24.0
% (y-o-y)
Mesa
546
49.9
% (y-o-y)
$174,900
6.0
% (y-o-y)
19.7%
12.1
% (y-o-y)
Scottsdale
433
63.9
% (y-o-y)
$375,000
1.6
% (y-o-y)
23.3%
23.9
% (y-o-y)
Gilbert
332
51.2
% (y-o-y)
$246,000
1.4
% (y-o-y)
10.5%
10.1
% (y-o-y)
Glendale
328
43.8
% (y-o-y)
$165,500
5.8
% (y-o-y)
14.8%
13.6
% (y-o-y)
Chandler
315
49.9
% (y-o-y)
$235,000
2.0
% (y-o-y)
23.2%
15.1
% (y-o-y)
Peoria
222
53.2
% (y-o-y)
$212,150
8.8
% (y-o-y)
27.4%
17.4
% (y-o-y)
Queen Creek
180
52.4
% (y-o-y)
$170,000
6.3
% (y-o-y)
2.6%
13.0
% (y-o-y)
Maricopa
166
34.1
% (y-o-y)
$140,000
4.5
% (y-o-y)
13.1%
6.2
% (y-o-y)
Apache Junction
65
50.8
% (y-o-y)
$143,000
3.1
% (y-o-y)
15.4%
37.1
% (y-o-y)

Local Info For Tempe

Population:
164,147
Cost of Living Index: 115.58
Crime Index: 132.13     Rating: C+ View crime details
Schools: 47    Average School Rating: B- View individual school rating
Household Median Income: $47,443
Unemployment: 5.50%
Percentage of vacant homes: 11.19%