September 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).
Text 602-300-0374
LISTINGS TO BEGIN SEPTEMBER and AUGUST 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 |
OBSERVATION: PPSF in Tempe has been in the range of $290-$297 all year long, and the current PPSF is $292. Total sales hit their cyclical high in April with 118 recorded sales. August finished at 84, or a decrease of 28.8%.
On a price per-square foot average (see table below):
At $292 per-square foot in August, prices are down $5 from July, up $2 from last August 2025, and down $22 from their peak of $314 in May '22
Last month, sellers received an average of -$10,897 less than their asking prices
September 2026 began 329 listings, which is 184% of the 3 year average of 179 (from 2023-2025)
August had 84 sales, or 94% of the 3 year average of 89 (from 2023-2025)
Tempe is currently turning over housing inventory once every 3.6 months
Days on market for sold homes are currently 54
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 September 2026
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 | For Sale | Total Sold | % Sold | MO. INV. | Sq ft | Price | DOM | $$ sq ft | +/- List Price |
Sep-26 | 329 |
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Aug-26 | 302 | 84 | 27.8% | 3.6 | 1,740 | $508,256 | 54 | $292 | -$10,897 |
Jul-26 | 308 | 95 | 30.8% | 3.2 | 1,733 | $515,344 | 62 | $297 | -$14,761 |
Jun-26 | 277 | 110 | 39.7% | 2.5 | 1,666 | $490,918 | 51 | $295 | -$9,107 |
May-26 | 246 | 114 | 46.3% | 2.2 | 1,768 | $515,733 | 58 | $292 | -$12,199 |
Apr-26 | 247 | 118 | 47.8% | 2.1 | 1,763 | $512,000 | 59 | $290 | -$10,725 |
Mar-26 | 234 | 114 | 48.7% | 2.1 | 1,770 | $525,845 | 72 | $297 | -$11,396 |
Feb-26 | 210 | 90 | 42.9% | 2.3 | 1,706 | $500,445 | 54 | $293 | -$11,885 |
Jan-26 | 198 | 63 | 31.8% | 3.1 | 1,776 | $527,149 | 75 | $297 | -$12,488 |
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 |
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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% | 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 |
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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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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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