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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

$614,092

AVERAGE PRICE OF 565 HOMES

$362,450

AVERAGE PRICE OF 2 DISTRESSED HOMES

$2,011,101

AVERAGE PRICE OF 52 MULTI-MILLION DOLLAR HOMES

$2,129,800

AVERAGE PRICE OF 5 NEWLY BUILT HOMES

$829,749

AVERAGE PRICE OF 144 HOMES WITH A POOL

$651,430

AVERAGE PRICE OF 52 REDUCED PRICE HOMES

Average Home

Average Price $614,092
Avg Bedrooms 2.56 beds
Avg Bathrooms 1.73 baths

Average Price by Bedrooms

1 bedroom $306,039
2 bedrooms $345,623
3 bedrooms $531,291
4 bedrooms $643,478
5 bedrooms $1,034,886
Tempe Home Price Trends
  2/2026 1/2026 12/2025 11/2025 10/2025
Total Listings 536 469 468 525 538
Average Price $615,838 $607,727 $618,379 $627,953 $627,147
Avg Price Change +1.33% -1.75% -1.55% +0.13% +2.73%
Median Price $495,015 $489,792 $495,604 $498,629 $492,659
Med Price Change +1.07% -1.19% -0.61% +1.21% -0.87%
Avg Bedrooms 3.06 beds 3.37 beds 2.76 beds 2.84 beds 2.81 beds
Avg Bathrooms 1.9 baths 2.04 baths 2.08 baths 2.11 baths 2.09 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Other 2 $537,500 32 days
Tempe High School 188 $588,230 84 days
Total Homes Average Price Avg Days on Site
All Homes 565 $614,092 52 days
Distressed Homes 2 $362,450 134 days
Multi-Million Dollar Homes 52 $2,011,101 67 days
Newly Built Homes 5 $2,129,800 104 days
Homes with a Pool 144 $829,749 59 days
Reduced Price Homes 52 $651,430 76 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. March 7, 2026
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Christian Lemmer - Engel & Volkers are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.
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