The Tempe housing market is somewhat competitive. Homes in Tempe receive 2 offers on average and sell in around 40 days. The median sale price of a home in Tempe was $487K last month, up 17.2% since last year. The median sale price per square foot in Tempe is $305, up 10.5% since last year.
In March 2024, Tempe home prices were up 17.2% compared to last year, selling for a median price of $487K. On average, homes in Tempe sell after 40 days on the market compared to 47 days last year. There were 112 homes sold in March this year, down from 119 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$486,500
+17.2% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Tempe, AZ
$486,500
+17.2%
United States
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How hot is the Tempe housing market?
Tempe is somewhat competitive. Homes sell in 44 days.
0
100
57
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 44 days.
Hot homes
can sell for around list price and go pending in around 23 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
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
10/10
Ward Traditional Academy
Public • K-8 • Choice school
445
Students
17 reviews
9/10
Kyrene Del Cielo School
Public • PreK-5 • Choice school
745
Students
25 reviews
9/10
Chandler Traditional Academy - Goodman
Public • PreK-6 • Choice school
753
Students
24 reviews
7/10
C I Waggoner School
Public • PreK-5 • Choice school
567
Students
15 reviews
7/10
Kyrene Del Norte School
Public • PreK-5 • Choice school
492
Students
5 reviews
Only showing 5 of
33 elementary schools.
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.
Risk Factor
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. 400 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.
12% of properties are at risk of wildfire over the next 30 years
Fire Factor
Tempe has a major risk of wildfire. There are 5,965 properties in Tempe that have some risk of being affected by wildfire over the next 30 years. This represents 12% of all properties in Tempe.