January 2026 Tempe Housing Market Report

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).

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LISTINGS TO BEGIN JANUARY and DECEMBER RESULTS

(Table may require a swipe left on mobile devices)

Strong Buyer's Market

Buyer's Market

Balanced

Seller's Market

Strong Seller's Market

OBSERVATIONS: PPSF started @ $289 in January 2025 and ended at $291 in December. It varied within a $25 range. On an annual basis, PPSF averaged $294 in 2025 vs. $297 in 2024. Total monthly sales averaged 91 in 2025 vs. 89 in 2024. Monthly listings averaged 243 per-month in 2025 vs. 166 in 2024. Sellers accepted an average of -$12,310 less than list price in 2025 vs. -$9,961 in 2024.

On a price per-square foot average (see table below):

• At $291 per-square foot in December, prices are up $13 from November's $22 drop, down $13 from last December, and down $23 from their peak of $314 in May '22
  

• Last month, sellers received an average of -$14,961 less than their asking prices
  

• January 2026 began 198 listings, which is 132% of the 3 year average of 150 (from 2022-2024)  

• December had 84 sales, or 85% of the 3 year average of 99 (from 2022-2024)
  

• Tempe is currently turning over housing inventory once every 2.3 months
  

• Days on market for sold homes are currently 77
  

• Bank-owned properties and short sales accounted for 0 sales, or 0.0% of all Tempe sales last month

Tempe Housing Market Report Updated in January 2026

To reduce data errors results are based on:

1. Tempe SOLD single family residences, patio homes, and townhomes (ask us about condos)

2. List/sales price under $1,000,000

3. Size over 1,000 sq ft.

4. Calendar month

Tempe sales data below will increase your understanding the local housing market (we have city data archived back to January 2008).

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  Table Explanation

(Table may require a swipe left on mobile devices)

Month	For Sale	Total Sold	% Sold	MO. INV.	Sq ft	Price	DOM	$$ sq ft	+/- List Price
Jan-26	198
Dec-25	195	84	43.1%	2.3	1,850	$538,397	77	$291	-$14,961
Nov-25	246	77	31.3%	3.2	1,738	$482,645	74	$278	-$9,147
Oct-25	267	91	34.1%	2.9	1,739	$522,215	78	$300	-$12,853
Sep-25	261	100	38.3%	2.6	1,858	$546,175	65	$294	-$15,894
Aug-25	280	86	30.7%	3.3	1,740	$504,862	64	$290	-$12,160
Jul-25	293	90	30.7%	3.3	1,722	$510,098	63	$296	-$17,318
Jun-25	265	105	39.6%	2.5	1,710	$497,742	66	$291	-$12,954
May-25	275	117	42.5%	2.4	1,817	$550,058	52	$303	-$12,864
Apr-25	246	100	40.7%	2.5	1,678	$497,659	51	$297	-$5,283
Mar-25	212	80	37.7%	2.7	1,792	$546,920	56	$305	-$12,071
Feb-25	199	81	40.7%	2.5	1,735	$517,788	62	$298	-$12,266
Jan-25	175	84	48.0%	2.1	1,828	$528,984	56	$289	-$9,954
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
Dec-23	163	76	46.6%	2.1	1,763	$510,995	37	$290	-$12,847
Nov-23	155	69	44.5%	2.2	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
Mar-23	128	92	71.9%	1.4	1,626	$449,678	75	$277
Feb-23	143	82	57.3%	1.7	1,658	$471,908	72	$285
Jan-23	176	76	43.2%	2.3	1,760	$469,844	68	$267
Dec-22	208	85	40.9%	2.4	1,825	$488,484	68	$268
Nov-22	239	75	31.4%	3.2	1,838	$471,704	50	$257
Oct-22	256	100	39.1%	2.6	1,737	$502,988	45	$290
Sep-22	272	103	37.9%	2.6	1,738	$502,989	46	$289
Aug-22	270	114	42.2%	2.4	1,719	$505,799	34	$294
Jul-22	192	109	56.8%	1.8	1,741	$519,040	23	$298
Jun-22	121	149	123.1%	0.8	1,732	$539,292	20	$311
May-22	70	157	224.3%	0.4	1,699	$534,267	20	$314
Apr-22	57	139	243.9%	0.4	1,782	$553,940	21	$311
Mar-22	48	149	310.4%	0.3	1,799	$531,940	29	$296
Feb-22	63	130	206.3%	0.5	1,765	$516,441	28	$293
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.

1. Total Active – # of homes for sale at the beginning of the current month

2. Total Sold – # of homes sold in the current month

3. % Sold – a ratio of total sold to total active

4. MO. INV. – based on total sold, how many months it would take to sell the total “active” inventory

5. Sq ft – average square footage of sold homes

6. Price – average sales price of sold homes

7. DOM – Days On Market, or average days to sale

8. $ sq ft – average price per square foot

9. +/- 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