Tempe, AZ Home Values & Market Trends

Real estate market trends reflect that there have been 2,036 transactions over the past year in Tempe. The median value for residential home transactions that occurred over the previous year is $504,157.88. The number of current listings in Tempe is 3, and the percentage of properties for sale in the city is 3.00%. Tempe, AZ currently has 45 properties in foreclosure, 2 bank owned properties, 43 properties headed for auction, and 3 properties for sale.

Tempe, AZ Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
85281

$ 305,969

$ 335/sqft

85283

$ --

$ --

85282

$ 505,485

$ 302/sqft

85287

$ --

$ --

85284

$ 699,999

$ 233/sqft

Housing Market Summary for Tempe, AZ

May 2023April 2024Change
Median Listing Price$520K$483.4K-7.03%
Median Sold Price$475.1K$483.4K1.76%
Homes For Sale853-96.47%
Homes Sold1,4351,300-9.41%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Tempe, AZ

Tempe home values range from $35,636 to $28,449,990. The median estimated value of a home in Tempe is $504,157.88. The median list price of a home is 597,000, and the total count of properties in the city is 43,342.

Foreclosure
There are 5 zips within Tempe, AZ; within these zips, the median estimated home value for homes in foreclosure ranges from $775,550 in 85283 to the lowest value of $266,370 in 85283. Foreclosure homes account for 0.00% of properties in Tempe, AZ with 85282 containing 19 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Tempe, AZ with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 5 zips within Tempe, AZ; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Tempe, AZ ranges from the highest value of $559,998 in 85284 to the lowest value of $523,024 in 85282. Bank owned homes and properties account for 0.00% of properties in Tempe, AZ. There are 5 zips within Tempe, AZ; 85284 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    85282 has 18 auction properties, the highest number of properties going to auction in a single zip in the state of Tempe, AZ. Auction homes and other auction properties account for 0.10% of all properties in Tempe, AZ. There are 5 zips within Tempe, AZ; of those zips, the median estimated home value for homes going to auction ranges from $663,961 in 85281 to the lowest value of $266,370 in 85281.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.01% of residential properties in Tempe, AZ with 85284 containing 1 homes for sale, the highest number of listed properties in a single zip. There are 5 zips within Tempe, AZ; homes for sale in those zips, have a range of median values from $699,999 in 85284 to the lowest value of $305,969 in 85281.
    Sold Homes
    The median value for recently sold homes ranges from $2,872,230 in 85284 to the lowest price of $98,822 in 85284. There are 5 zips within Tempe, AZ. 85282 has 435 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.05% of properties in Tempe, AZ.

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      Guide for Tempe, AZ

      Market Reports
      Tucson Real Estate Adjusts with $351K Average Value in April 2024 Amid Regional Market Fluctuations
      Home Buying Guides & Tips
      Tax Lien Foreclosure: What They Are & How They Work
      Market Reports
      Tucson Real Estate Sees Average Property Value Rise to $367,000 in February 2024
      Market Reports
      Glendale’s Real Estate Market Peaks at $475k Amid Fluctuations, February 2024 Overview Reveals
      See More Articles
      Tucson Real Estate Adjusts with $351K Average Value in April 2024 Amid Regional Market Fluctuations
      Market Reports|posted 8 May 2024

      The Tucson, Arizona housing market shows a variety of trends in 2024, with fluctuating property values, sale prices per square foot, and sales activity observed within Tucson and nearby cities.

      Tax Lien Foreclosure: What They Are & How They Work
      Home Buying Guides & Tips|posted 30 April 2024

      How to find government tax foreclosure homes – Buying a tax foreclosure is a great way to get a bargain on a home or rental property.

      Tucson Real Estate Sees Average Property Value Rise to $367,000 in February 2024
      Market Reports|posted 29 March 2024

      The Tucson real estate market has witnessed significant growth trends, with average property values reaching $367,000 as of February 2024. This growth offers equity gain opportunities to investors despite the market’s competitive nature. Additionally, neighboring cities present varied property value and market activity scenarios, offering homebuyers a range of options.

      Glendale’s Real Estate Market Peaks at $475k Amid Fluctuations, February 2024 Overview Reveals
      Market Reports|posted 13 March 2024

      Glendale, AZ’s real estate market has seen considerable fluctuations in property value and sale prices. The significant peaks and troughs offer intriguing trends to potential buyers, sellers, and investors, while a comparative analysis with nearby cities like Phoenix, Peoria, and Sun City presents a diverse real estate landscape in this region of Arizona.

      Recently Listed Homes Tempe, AZ

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