The Downtown Tempe-Rio Salado housing market is somewhat competitive. The median sale price of a home in Downtown Tempe-Rio Salado was $463K last month, up 9.5% since last year. The median sale price per square foot in Downtown Tempe-Rio Salado is $349, down 4.1% since last year.
What is the housing market like in Downtown Tempe-Rio Salado today?
In March 2024, Downtown Tempe-Rio Salado home prices were up 9.5% compared to last year, selling for a median price of $463K. On average, homes in Downtown Tempe-Rio Salado sell after 53 days on the market compared to 49 days last year. There were 38 homes sold in March this year, up from 34 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$462,500
+9.5% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Tempe-Rio Salado, AZ
$462,500
+9.5%
United States
To compare other locations to the Downtown Tempe-Rio Salado 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.
How hot is the Downtown Tempe-Rio Salado housing market?
Downtown Tempe-Rio Salado is somewhat competitive. Homes sell in 38.5 days.
0
100
58
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 1% below list price and go pending in around 39 days.
Hot homes
can sell for around list price and go pending in around 21 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
3/10
Scales Technology Academy
Public • PreK-5 • Choice school
470
Students
25 reviews
2/10
Holdeman Elementary School
Public • PreK-5 • Choice school
543
Students
12 reviews
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 Downtown Tempe-Rio Salado housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Tempe-Rio Salado.
Risk Factor
Flood Factor - Minor
23% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Tempe-Rio Salado has a minor risk of flooding. 157 properties in Downtown Tempe-Rio Salado are likely to be
severely affected
by flooding over the next 30 years. This represents 23% of all properties in Downtown Tempe-Rio Salado. Flood risk is increasing faster than the national average.
5% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Tempe-Rio Salado has a moderate risk of wildfire. There are 326 properties in Downtown Tempe-Rio Salado that have some risk of being affected by wildfire over the next 30 years. This represents 5% of all properties in Downtown Tempe-Rio Salado.
Downtown Tempe-Rio Salado has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown Tempe-Rio Salado has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
94% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
Downtown Tempe-Rio Salado has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 94% of homes in Downtown Tempe-Rio Salado have an Extreme Heat Factor®.
Downtown Tempe-Rio Salado is expected to see a 171% increase in the number of days over 111ºF over the next 30 years. Downtown Tempe-Rio Salado is expected to experience 7