The Tempe housing market is somewhat competitive. Over the three months, homes in Tempe receive 1 offers on average and sell in around 52 days. The median sale price of a home in Tempe was $483K over the last 3 months, down 6.3% since the same period last year. The median sale price per square foot in Tempe is $297, up 2.1% since last year.
Over the three months ending May 2026, Tempe home prices were down 6.3% compared to the same period last year, selling for a median price of $483K. On average, homes in Tempe sell after 52 days on the market compared to 45 days last year. There were 427 homes sold in May this year, up from 369 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$482,711
-6.3% YoY | May 2026
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2026
Growth
% YoY
Tempe, AZ
$482,711
-6.3%
United States
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How hot is the Tempe housing market?
Tempe is somewhat competitive. Homes sell in 48.5 days.
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100
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Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 49 days.
Hot homes
can sell for around list price and go pending in around 24 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Tempe
Explore recent offers and recently sold homes in Tempe
Recent offers
Offer Not Accepted|
10 Weeks Ago
~$600K Offer
Sold for $600K
4bd | 3ba | ~1,750sqft
Over List Price
0%
Days on Market
18
Competing Offers
2
Down Payment
—
Aaron Craig
Tempe Redfin Agent
shortened inspection, coe as fast as lender would allow, developed escalation clause, added an appraisal gap protection. lost to Cash offer …
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Tempe housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Tempe.
Flood Factor - Minor
60% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Tempe has a minor risk of flooding. 174 properties in Tempe are likely to be
severely affected
by flooding over the next 30 years. This represents 60% of all properties in Tempe. Flood risk is increasing slower than the national average.
7% of properties are at risk of wildfire over the next 30 years
Fire Factor
Tempe has a moderate risk of wildfire. There are 3,810 properties in Tempe that have some risk of being affected by wildfire over the next 30 years. This represents 7% of all properties in Tempe.