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Tempe

Why you'd want to live in Tempe

Tempe is a lively college town home to Arizona State University, offering a youthful and energetic atmosphere. The presence of the university brings diverse cultural events, festivals, and an array of dining options, catering to a wide range of tastes. Tempe's downtown area is bustling with activity, featuring shops, cafes, and entertainment venues. The city's focus on education and innovation is evident in its thriving tech and business sectors. With a strong sense of community and plenty of recreational activities, including biking trails and parks, Tempe is ideal for those seeking an active and engaging lifestyle.

Tempe Market Report

$589,019

AVERAGE PRICE OF 609 HOMES

$464,900

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,854,584

AVERAGE PRICE OF 51 MULTI-MILLION DOLLAR HOMES

$917,500

AVERAGE PRICE OF 2 NEWLY BUILT HOMES

$731,604

AVERAGE PRICE OF 179 HOMES WITH A POOL

$578,617

AVERAGE PRICE OF 55 REDUCED PRICE HOMES

Average Home

Average Price $589,019
Avg Bedrooms 2.88 beds
Avg Bathrooms 2.08 baths

Average Price by Bedrooms

1 bedroom $295,502
2 bedrooms $324,812
3 bedrooms $509,154
4 bedrooms $673,540
5 bedrooms $1,019,642
Tempe Home Price Trends
  5/2025 4/2025 3/2025 2/2025 1/2025
Total Listings 605 580 520 476 427
Average Price $601,280 $602,445 $606,272 $606,275 $612,698
Avg Price Change -0.19% -0.64% 0.00% -1.06% +3.61%
Median Price $513,717 $506,213 $490,047 $481,328 $483,785
Med Price Change +1.48% +3.30% +1.81% -0.51% -0.65%
Avg Bedrooms 2.85 beds 2.83 beds 2.78 beds 2.78 beds 2.76 beds
Avg Bathrooms 2.08 baths 2.11 baths 2.07 baths 2.06 baths 2.05 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Tempe High School 203 $548,604 80 days
Total Homes Average Price Avg Days on Site
All Homes 609 $589,019 76 days
Distressed Homes 1 $464,900 97 days
Multi-Million Dollar Homes 51 $1,854,584 103 days
Newly Built Homes 2 $917,500 12 days
Homes with a Pool 179 $731,604 66 days
Reduced Price Homes 55 $578,617 71 days
Realty One Group | Arizona Living Team
3100 W Ray Rd Ste 101
Chandler, AZ 85226
480-241-6787

© 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 Leah Burr - Realty One Group 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. June 12, 2025
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