Source for monthly Tempe Housing Market Report by Realtors serving Tempe, AZ. Information is power. Facts not fiction from the Arizona Regional Multiple Listing Service (ARMLS).
Text 602-300-0374
LISTINGS TO BEGIN JANAURY and DECEMBER RESULTS
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Strong Buyer's Market | Buyer's Market | Balanced | Seller's Market | Strong Seller's Market |
On a price per-square foot average (see table below):
At $304 per-square foot in December, prices are up $1 from November, up $14 from last December, but down $10 from their peak in May '22
Last month, sellers received an average of -$8,786 less than their asking prices
January 2025 began 175 listings, which is 117% of the 3 year average of 150 (from 2022-2024)
December had 99 sales, or 79% of the 3 year average of 126 (from 2021-2023)
Tempe is currently turning over housing inventory once every 1.8 months
Days on market for sold homes are currently 54
Bank-owned properties and short sales made up 0.0% of all Tempe sales last month
Tempe Housing Market Report Updated in January 2025
To reduce data errors results are based on:
Tempe SOLD single family residences, patio homes, and townhomes (ask us about condos)
List/sales price under $1,000,000
Size over 1,000 sq ft.
Calendar month
Tempe sales data below will increase your understanding the local housing market (we have city data archived back to January 2008).
(Table may require a swipe left on mobile devices)
Month | Total Active | Total Sold | % Sold | MO. INV. | Sq ft | Price | DOM | $$ sq ft | +/- List Price |
Jan-25 | 175 |
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Dec-24 | 183 | 99 | 54.1% | 1.8 | 1,660 | $504,795 | 54 | $304 | -$8,786 |
Nov-24 | 218 | 72 | 33.0% | 3.0 | 1,654 | $501,635 | 49 | $303 | -$7,086 |
Oct-24 | 223 | 100 | 44.8% | 2.2 | 1,821 | $533,440 | 46 | $293 | -$11,912 |
Sep-24 | 193 | 64 | 33.2% | 3.0 | 1,785 | $526,300 | 59 | $295 | -$14,833 |
Aug-24 | 178 | 84 | 47.2% | 2.1 | 1,645 | $498,914 | 53 | $303 | -$11,532 |
Jul-24 | 179 | 94 | 52.5% | 1.9 | 1,772 | $526,195 | 46 | $297 | -$9,779 |
Jun-24 | 163 | 105 | 64.4% | 1.6 | 1,714 | $517,587 | 38 | $302 | -$8,263 |
May-24 | 149 | 128 | 85.9% | 1.2 | 1,810 | $532,199 | 49 | $294 | -$10,110 |
Apr-24 | 129 | 88 | 68.2% | 1.5 | 1,735 | $522,773 | 41 | $301 | -$4,641 |
Mar-24 | 125 | 83 | 66.4% | 1.5 | 1,720 | $506,302 | 55 | $294 | -$8,686 |
Feb-24 | 104 | 95 | 91.3% | 1.1 | 1,731 | $508,860 | 56 | $294 | -$10,914 |
Jan-24 | 148 | 59 | 39.9% | 2.5 | 1,681 | $475,638 | 53 | $283 | -$12,989 |
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Dec-23 | 163 | 76 | 46.6% | 2.1 | 1,763 | $510,995 | 37 | $290 | -$12,847 |
Nov-23 | 155 | 69 | 44.5% | 1,707 | $491,653 | 46 | $288 | $5,681 | |
Oct-23 | 147 | 88 | 59.9% | 1.7 | 1,754 | $524,027 | 47 | $299 | -$8,087 |
Sep-23 | 126 | 89 | 70.6% | 1.4 | 1,777 | $519,927 | 36 | $293 | -$6,247 |
Aug-23 | 110 | 88 | 80.0% | 1.3 | 1,755 | $518,540 | 40 | $295 | -$8,431 |
Jul-23 | 102 | 74 | 72.5% | 1.4 | 1,599 | $471,394 | 47 | $295 | -$7,041 |
Jun-23 | 89 | 101 | 113.5% | 0.9 | 1,712 | $498,075 | 46 | $291 | -$6,659 |
May-23 | 87 | 102 | 117.2% | 0.9 | 1,745 | $512,053 | 40 | $293 | -$6,399 |
Apr-23 | 102 | 92 | 90.2% | 1.1 | 1,758 | $474,416 | 58 | $270 |
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Mar-23 | 128 | 92 | 71.9% | 1.4 | 1,626 | $449,678 | 75 | $277 |
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Feb-23 | 143 | 82 | 57.3% | 1.7 | 1,658 | $471,908 | 72 | $285 |
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Jan-23 | 176 | 76 | 43.2% | 2.3 | 1,760 | $469,844 | 68 | $267 |
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Dec-22 | 208 | 85 | 40.9% | 2.4 | 1,825 | $488,484 | 68 | $268 |
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Nov-22 | 239 | 75 | 31.4% | 3.2 | 1,838 | $471,704 | 50 | $257 |
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Oct-22 | 256 | 100 | 39.1% | 2.6 | 1,737 | $502,988 | 45 | $290 |
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Sep-22 | 272 | 103 | 37.9% | 2.6 | 1,738 | $502,989 | 46 | $289 |
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Aug-22 | 270 | 114 | 42.2% | 2.4 | 1,719 | $505,799 | 34 | $294 |
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Jul-22 | 192 | 109 | 56.8% | 1.8 | 1,741 | $519,040 | 23 | $298 |
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Jun-22 | 121 | 149 | 123.1% | 0.8 | 1,732 | $539,292 | 20 | $311 |
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May-22 | 70 | 157 | 224.3% | 0.4 | 1,699 | $534,267 | 20 | $314 |
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Apr-22 | 57 | 139 | 243.9% | 0.4 | 1,782 | $553,940 | 21 | $311 |
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Mar-22 | 48 | 149 | 310.4% | 0.3 | 1,799 | $531,940 | 29 | $296 |
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Feb-22 | 63 | 130 | 206.3% | 0.5 | 1,765 | $516,441 | 28 | $293 |
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Jan-22 | 70 | 138 | 197.1% | 0.5 | 1,753 | $493,215 | 34 | $281 |
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Table Explanation for Tempe Housing Market Report
NOTE: we use the term “foreclosure” to describe bank owned homes and short sales because most people are familiar with it. “Distressed Properties” may be more accurate.
Total Active – # of homes for sale at the beginning of the current month
Total Sold – # of homes sold in the current month
% Sold – a ratio of total sold to total active
MO. INV. – based on total sold, how many months it would take to sell the total “active” inventory
Sq ft – average square footage of sold homes
Price – average sales price of sold homes
DOM – Days On Market, or average days to sale
$ sq ft – average price per square foot
+/- List Price – the average dollars received by sellers above or below their average list prices
Monthly Tempe Housing Market Report by Realtors serving Tempe, AZ
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