The short answer

As of October 30, 2026, there are 543 homes, condos, and townhomes listed for sale in Tempe, with a median list price of $455,000. Over the past 12 months, 1,347 Tempe homes sold at a median price of $469,000, or $292 per square foot, after a median of 48 days on market. Homes closed at a median of 98.18% of their final list price. With about 4.8 months of supply, the market is close to balanced.

Source: ARMLS via Flexmls, calculated by Arizona Luxury Partners. Figures cover single-family homes, condos, townhomes, and patio homes with a Tempe address in the MLS, as explained in the FAQ below.

The Tempe market, by the numbers

Closed residential sales, October 30, 2025 to October 30, 2026.

1,347
Homes sold in the past 12 months
$469,000
Median sale price
$292
Median price per square foot
48 days
Median days on market
98.18%
Median sale to final list price
96%
Median sale to original list price
543
Homes for sale today
4.8
Months of supply
4%
Sales at $1 million or more
50%
Closed sales with a seller concession

Months of supply is today's 543 listings divided by the 12 month average of about 112 sales per month. 52 of the 1,347 sales closed at $1 million or more. Seller concessions are seller paid buyer costs, such as closing costs or a rate buydown, as reported on the closed MLS record.

Tempe median sale price, 10 years

Yearly median sale price of closed residential sales, 2016 to 2026.

Tempe median home sale price by year Line chart of the yearly median sale price from 2016 to 2026. The table below the chart lists every value. $0 $100K $200K $300K $400K $500K $600K 2016: $245,000 median, 2,182 sales 2016 $245K 2017: $261,000 median, 2,373 sales 2017 2018: $280,000 median, 2,265 sales 2018 2019: $300,000 median, 2,286 sales 2019 2020: $332,000 median, 2,325 sales 2020 2021: $408,750 median, 2,530 sales 2021 2022: $470,000 median, 1,817 sales 2022 2023: $449,900 median, 1,335 sales 2023 2024: $475,000 median, 1,359 sales 2024 $475K 2025: $470,000 median, 1,388 sales 2025 2026 year to date: $469,000 median, 1,139 sales 2026 YTD $469K

The median sale price for homes with a Tempe address went from $245,000 in 2016 to $470,000 in 2025, up 92%. The highest yearly median was $475,000 in 2024. So far this year, through October 29, 2026, the median is $469,000. A median is the middle sale of the year, so it moves with both prices and the mix of homes that sold. Ask us how values have changed for homes like yours.

See the yearly numbers
YearMedian sale priceHomes sold
2026 (through October 29, 2026)$469,0001,139
2025$470,0001,388
2024$475,0001,359
2023$449,9001,335
2022$470,0001,817
2021$408,7502,530
2020$332,0002,325
2019$300,0002,286
2018$280,0002,265
2017$261,0002,373
2016$245,0002,182

Source: ARMLS via Flexmls. Closed residential sales by calendar year, calculated by Arizona Luxury Partners.

What the numbers mean right now

Our read on the market, for buyers and for sellers.

Over the past 12 months, 1,347 homes with a Tempe address sold, and 4% of them closed at $1 million or more. Today 543 are listed for sale, and 338 of those have already had a price change.

Pricing is where homes win or sit. 432 of last year's sales, or 32%, went under contract within 30 days, at about 99% of list price on average. 195, or 14%, took more than 120 days, and those closed at about 87% of their original list price on average.

If you are buying

  • The typical home sold about 4% below its original list price, so there is room to negotiate on homes that have been listed a while.
  • 50% of sales included a seller concession. Ask about closing costs or a rate buydown as part of your offer.
  • Compare a home against recent sales in the same neighborhood and price range, not Tempe as a whole.
  • Get pre-approved first so you can act quickly when the right home comes up.

If you are selling

  • Your first month matters most. Homes that sold within 30 days closed at about 99% of list price on average.
  • Homes that sat more than 120 days closed at about 87% of their original list price, so pricing right at the start pays.
  • Price against recent sales in your own neighborhood, and show how your home compares on size, lot, and updates.
  • We can show you the exact sales we would use to price your home.

Get a Tempe home value

About Tempe

Homes, land, and amenities in Tempe, Arizona.

Tempe is a mostly flat city along the Salt River, home to the main campus of Arizona State University. Homes include condos near ASU and downtown, mid-century neighborhoods, and planned subdivisions in south Tempe.

Tempe Town Lake runs more than two miles along the Salt River.

Population
190,571 (2025 Census estimate), 180,587 in the 2020 Census
Land area
39.94 square miles
School districts
Tempe Elementary, Tempe Union High, Kyrene, Scottsdale Unified, and Mesa Public Schools
Median home size sold
1,590 square feet over the past 12 months
Listings with a price change
338 of 543 active listings
Official site
City of Tempe

Tempe homes we have helped clients buy and sell

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A collection of our sold properties

Nearby areas

Compare Tempe with other places we work.

Tempe questions, answered

How much do homes cost in Tempe?

The median sale price was $469,000 for the 1,347 homes, condos, and townhomes with a Tempe address that sold from October 30, 2025 to October 30, 2026, or $292 per square foot. Homes listed for sale on October 30, 2026 had a median list price of $455,000.

How many homes are for sale in Tempe right now?

As of October 30, 2026, 543 homes, condos, and townhomes with a Tempe address were listed for sale in the MLS. The search on this page updates continuously, so it always shows the current count.

How fast do homes sell in Tempe?

Homes that sold over the past 12 months spent a median of 48 days on the market and closed at a median of 98.18% of their final list price, or 96% of their original list price.

Is Tempe a buyer's market or a seller's market?

With 543 listings today and about 112 sales a month over the past year, Tempe has about 4.8 months of supply, which is close to balanced. Conditions vary a lot by price range and neighborhood, so ask us for the numbers on the homes you are considering.

How common are seller concessions in Tempe?

670 of the 1,347 closed sales, or 50%, reported a seller concession on the MLS record, such as seller paid closing costs or a rate buydown.

What school districts serve Tempe?

Tempe is served by Tempe Elementary, Tempe Union High, Kyrene, Scottsdale Unified, and Mesa Public Schools. Boundaries do not always follow city lines, so confirm the assigned schools for a specific address with the district.

How have Tempe home prices changed over the past 10 years?

The median sale price for homes with a Tempe address was $245,000 in 2016 and $470,000 in 2025, up 92%. The highest yearly median in that span was $475,000 in 2024. So far this year, through October 29, 2026, the median is $469,000.

How does this page define Tempe?

Our search and statistics include residential listings, meaning single-family homes, condos, townhomes, and patio homes, whose MLS city is Tempe. The MLS city is the mailing address city, which does not always match city limits. Figures were calculated by Arizona Luxury Partners from ARMLS data on October 30, 2026.

Thinking about Tempe?

Your vision, your home, our expertise.

Tell us what you are looking for and we will send new Tempe listings that fit, along with the sales data behind each one. Our office is on Pima Road in north Scottsdale. White-glove service at every price point.

Your advisors

Kyle HermannAssociate Broker | Realtor®
602.814.7266
kyle@azluxurypartners.com
License BR665419000
Meet Kyle
Cheryl SolanoCRS® | Realtor®
480.518.0181
cheryl@azluxurypartners.com
License SA541911000
Meet Cheryl
Art BuckAssociate Broker | Realtor® | CCIM
480.510.7689
art@azluxurypartners.com
License BR014102000
Meet Art

Arizona Luxury Partners | Real Estate Group at RE/MAX Fine Properties

Sources

  1. ARMLS via Flexmls. Residential closed sales October 30, 2025 to October 30, 2026, and active listings on October 30, 2026, for listings whose MLS city is Tempe. Medians and months of supply calculated by Arizona Luxury Partners.
  2. Population and land area: U.S. Census Bureau, accessed October 30, 2026.
  3. City information: City of Tempe, accessed October 30, 2026.
  4. City of Tempe, Tempe Town Lake, accessed October 30, 2026.
  5. ARMLS via Flexmls. Residential closed sales for each calendar year from 2016 through October 29, 2026, for listings whose MLS city is Tempe, used for the 10 year median sale price chart.
  6. School districts: Wikipedia, Tempe, Arizona, accessed October 30, 2026.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is provided by the Arizona Regional Multiple Listing Service and may not reflect all real estate activity in the market. Population and land area come from the U.S. Census Bureau. School district boundaries can change, so confirm the assigned schools for a specific address with the district. This page is for general information only and is not financial, lending, legal, or tax advice. Arizona Luxury Partners | Real Estate Group at RE/MAX Fine Properties, 21020 N. Pima Road, Scottsdale, AZ 85255. Office 480.766.1515. Brokerage License LC629808000. Equal Housing Opportunity.