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Tempe

Why you'd want to live in Tempe

Tempe, Arizona is a dynamic college town centered around Arizona State University, giving it a youthful, energetic vibe. The city is known for its arts and culture scene, with frequent festivals, live music, and public art installations. Tempe Town Lake offers opportunities for kayaking, paddleboarding, and scenic walks, while Mill Avenue provides a bustling nightlife and dining scene. Its central location in the Phoenix metro area makes commuting easy, and the presence of the university brings a diverse, innovative spirit to the community.

Tempe Market Report

$513,544

AVERAGE PRICE OF 580 HOMES

$295,816

AVERAGE PRICE OF 6 DISTRESSED HOMES

$1,908,527

AVERAGE PRICE OF 22 MULTI-MILLION DOLLAR HOMES

$468,081

AVERAGE PRICE OF 11 NEWLY BUILT HOMES

$712,120

AVERAGE PRICE OF 127 HOMES WITH A POOL

Average Home

Average Price $513,544
Avg Bedrooms 2.93 beds
Avg Bathrooms 2.2 baths

Average Price by Bedrooms

1 bedroom $295,315
2 bedrooms $353,171
3 bedrooms $528,844
4 bedrooms $653,812
5 bedrooms $931,313
Tempe Home Price Trends
  7/2026 6/2026 5/2026 4/2026 3/2026
Total Listings 566 n/a n/a 573 582
Average Price $525,832 n/a n/a $586,892 $604,785
Avg Price Change n/a n/a n/a -3.05% -1.83%
Median Price $474,376 n/a n/a $498,539 $495,100
Med Price Change n/a n/a n/a +0.69% +0.02%
Avg Bedrooms 2.97 beds n/a n/a 2.8 beds 2.49 beds
Avg Bathrooms 2.22 baths n/a n/a 2.13 baths 1.71 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Corona Del Sol High School 35 $940,907 81 days
Coronado High School 14 $587,671 57 days
Marcos De Niza High School 115 $524,616 67 days
McClintock High School 162 $466,916 74 days
Tempe High School 223 $490,943 72 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 580 $513,544 71 days
Distressed Homes 6 $295,816 49 days
Multi-Million Dollar Homes 22 $1,908,527 97 days
Newly Built Homes 11 $468,081 11 days
Homes with a Pool 127 $712,120 80 days
Engel & Völkers Gilbert
Christian Lemmer
1849 E Williams Field Road, #107
Gilbert, AZ 85295
520-499-7240
Arizona Broker License # BR676150000

© 2026 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 Christian Lemmer - Engel & Volkers 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 16, 2026
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