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Tempe

Why you'd want to live in Tempe

The city of Tempe is an exciting mixture of Southwestern hospitality, prosperity and success. It covers approximately 40 square miles and is home to 182,500 residents. While enjoying dynamic growth, the city has maintained its unique personality and style through a careful and masterful blending of the new with the old. Respecting its heritage and energetically planning for the future, Tempe is a wonderful mix of history and modern urban amenities. A vibrant urban oasis in the heart of metro Phoenix, Tempe exudes its own personality. Home to Arizona State University, one of the largest universities in the country, it has a distinct identity as an emerging destination city, replete with all the offerings of a city rich in economics, technology, culture, tourism and educational resources. Easily accessible via four freeways and Valley Metro Rail, Tempe is also just 10 minutes from Phoenix Sky Harbor International Airport. Tempe offers lively special events on weekends, Broadway shows, water recreation, Sonoran Desert hiking trails, affordable shopping, globally influenced dining experiences, an energetic nightlife and more than 330 sunny days each year. Tempe brings it all together – beautiful weather, rewarding places to work, diverse cultures, a myriad of recreational opportunities, the best in entertainment and an unparalleled Southwestern lifestyle. Tempe is the place to live, learn, work and play! via picture

Tempe Arizona

Tempe Market Report

$504,603

AVERAGE PRICE OF 489 HOMES

$430,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,370,562

AVERAGE PRICE OF 16 MULTI-MILLION DOLLAR HOMES

$565,333

AVERAGE PRICE OF 3 NEWLY BUILT HOMES

$639,437

AVERAGE PRICE OF 137 HOMES WITH A POOL

$486,771

AVERAGE PRICE OF 63 REDUCED PRICE HOMES

Average Home

Average Price $504,603
Avg Bedrooms 3.07 beds
Avg Bathrooms 2.1 baths

Average Price by Bedrooms

1 bedroom $275,977
2 bedrooms $331,653
3 bedrooms $489,133
4 bedrooms $635,279
5 bedrooms $910,193
Tempe Home Price Trends
  7/2022 6/2022 5/2022 4/2022 3/2022
Total Listings 458 n/a n/a n/a 259
Average Price $526,193 n/a n/a n/a $515,957
Avg Price Change n/a n/a n/a n/a +0.98%
Median Price $498,720 n/a n/a n/a $503,622
Med Price Change n/a n/a n/a n/a +1.26%
Avg Bedrooms 3.12 beds n/a n/a n/a 3.1 beds
Avg Bathrooms 2.14 baths n/a n/a n/a 2.18 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Adult 17 $116,635 61 days
Corona Del Sol High School 44 $873,966 35 days
Marcos De Niza High School 100 $505,721 36 days
McClintock High School 134 $470,967 45 days
Tempe High School 164 $456,666 70 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 489 $504,603 51 days
Distressed Homes 1 $430,000 44 days
Multi-Million Dollar Homes 16 $1,370,562 44 days
Newly Built Homes 3 $565,333 43 days
Homes with a Pool 137 $639,437 41 days
Reduced Price Homes 63 $486,771 35 days
r3homegroup - Brokered by Delex Realty
6170 W Chandler Blvd Suite 14
Chandler, AZ 85226
602-320-7547


Chris Lawler, Originating Branch Manager, CrossCountry Mortgage, LLC; NMLS 869968 | Branch NMLS2213428 | Company NMLS3029

© 2022 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Jeff Cayton - R3 Home Group are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. August 18, 2022
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