Is Tempe, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2021
Since last year, Tempe has remained a Seller's Market.
How much do homes in Tempe, AZ cost?
Median Sold Price
$450,000
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2021
Median Sold Price By Bedroom Count
# BEDS | May 2021 | May 2022 | % |
---|---|---|---|
1 Bedroom | $172K | $219K | +27.3% |
2 Bedrooms | $245.3K | $311K | +26.8% |
3 Bedrooms | $358.1K | $449.9K | +25.6% |
4 Bedrooms | $454.9K | $550K | +20.9% |
5+ Bedrooms | $555K | $667K | +20.2% |
How many homes are available in Tempe, AZ?
Number of Homes For Sale
Apr 2022 | May 2022 | % |
---|---|---|
468 | 489 | +4.5% |
Homes For Sale By Bedroom Count
# BEDS | Apr 2022 | May 2022 | % |
---|---|---|---|
1 Bedroom | 15 | 17 | +13.3% |
2 Bedrooms | 107 | 101 | -5.6% |
3 Bedrooms | 193 | 199 | +3.1% |
4 Bedrooms | 121 | 135 | +11.6% |
5+ Bedrooms | 32 | 37 | +15.6% |
Number of Homes Sold
Apr 2022 | May 2022 | % |
---|---|---|
170 | 166 | -2.4% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
95 Homes Were Sold
Over Asking
Average Sale Time
May 2021 | May 2022 | % |
---|---|---|
21 Days | 21 Days | -2.1% |
Breakdown of Home Sale Times
116 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days