The Tempe housing market is somewhat competitive. Homes in Tempe receive 2 offers on average and sell in around 50 days. The median sale price of a home in Tempe was $542K last month, up 8.7% since last year. The median sale price per square foot in Tempe is $302, down 0.82% since last year.
In May 2025, Tempe home prices were up 8.7% compared to last year, selling for a median price of $542K. On average, homes in Tempe sell after 50 days on the market compared to 38 days last year. There were 144 homes sold in May this year, down from 164 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$542,000
+8.7% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Tempe, AZ
$542,000
+8.7%
United States
To compare other locations to the Tempe and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Tempe add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in Tempe
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
How hot is the Tempe housing market?
Tempe is somewhat competitive. Homes sell in 48 days.
0
100
56
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 48 days.
Hot homes
can sell for around list price and go pending in around 25 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
~$1M Offer
Sold for $1M
4bd | 2ba | ~2,500sqft
Under List Price
16%
Days on Market
10
Competing Offers
0
Down Payment
~20%
Kayli Morgan
Tempe Redfin Agent
This home was new to the market and buyers offered more than 15% below list price. Seller was not ready to take this price.…
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
8% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Tempe has a minor risk of flooding. 334 properties in Tempe are likely to be
severely affected
by flooding over the next 30 years. This represents 8% of all properties in Tempe. Flood risk is increasing faster than the national average.
13% of properties are at risk of wildfire over the next 30 years
Fire Factor
Tempe has a moderate risk of wildfire. There are 6,494 properties in Tempe that have some risk of being affected by wildfire over the next 30 years. This represents 13% of all properties in Tempe.