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Tempe

Why you'd want to live in Tempe

The city of Tempe is an exciting mixture of Southwestern hospitality, prosperity and success. It covers approximately 40 square miles and is home to 182,500 residents. While enjoying dynamic growth, the city has maintained its unique personality and style through a careful and masterful blending of the new with the old. Respecting its heritage and energetically planning for the future, Tempe is a wonderful mix of history and modern urban amenities. A vibrant urban oasis in the heart of metro Phoenix, Tempe exudes its own personality. Home to Arizona State University, one of the largest universities in the country, it has a distinct identity as an emerging destination city, replete with all the offerings of a city rich in economics, technology, culture, tourism and educational resources. Easily accessible via four freeways and Valley Metro Rail, Tempe is also just 10 minutes from Phoenix Sky Harbor International Airport. Tempe offers lively special events on weekends, Broadway shows, water recreation, Sonoran Desert hiking trails, affordable shopping, globally influenced dining experiences, an energetic nightlife and more than 330 sunny days each year. Tempe brings it all together – beautiful weather, rewarding places to work, diverse cultures, a myriad of recreational opportunities, the best in entertainment and an unparalleled Southwestern lifestyle. Tempe is the place to live, learn, work and play! via picture

Tempe Arizona

Tempe Market Report

$493,675

AVERAGE PRICE OF 350 HOMES

$399,900

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,755,847

AVERAGE PRICE OF 8 MULTI-MILLION DOLLAR HOMES

$270,625

AVERAGE PRICE OF 16 NEWLY BUILT HOMES

$646,442

AVERAGE PRICE OF 104 HOMES WITH A POOL

$452,526

AVERAGE PRICE OF 13 REDUCED PRICE HOMES

Average Home

Average Price $493,675
Avg Bedrooms 3.07 beds
Avg Bathrooms 2.12 baths

Average Price by Bedrooms

1 bedroom $210,361
2 bedrooms $363,281
3 bedrooms $470,040
4 bedrooms $594,956
5 bedrooms $641,359
Tempe Home Price Trends
  11/2021 10/2021 9/2021 8/2021 7/2021
Total Listings 384 416 428 406 389
Average Price $486,080 $479,349 $466,040 $464,911 $468,400
Avg Price Change +1.40% +2.86% +0.24% -0.75% -2.29%
Median Price $467,500 $458,629 $450,252 $444,303 $440,748
Med Price Change +1.93% +1.86% +1.34% +0.81% +1.76%
Avg Bedrooms 3.06 beds 3.05 beds 3.01 beds 2.98 beds 2.99 beds
Avg Bathrooms 2.09 baths 2.1 baths 2.12 baths 2.16 baths 2.12 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Corona Del Sol High School 24 $875,736 49 days
Marcos De Niza High School 71 $531,504 35 days
McClintock High School 103 $418,653 112 days
Mountain Pointe High School 8 $597,428 26 days
Tempe High School 119 $464,749 72 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 350 $493,675 72 days
Distressed Homes 1 $399,900 19 days
Multi-Million Dollar Homes 8 $1,755,847 104 days
Newly Built Homes 16 $270,625 471 days
Homes with a Pool 104 $646,442 48 days
Reduced Price Homes 13 $452,526 27 days
r3homegroup - Brokered by Delex Realty
6170 W Chandler Blvd Suite 14
Chandler, AZ 85226
602-320-7547


Chris Lawler, VP/Branch Manager, NMLS 869968 | Nova Financial & Investment Corporation, dba NOVA® Home Loans NMLS 3087 | NOVA® BK 0902429 | Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act #4131230. Also licensed by the CA-DBO under the CFL #6036566. Loans made or arranged pursuant to a California Financing Law License. | Office Phone: 520.577.4774 | Equal Housing Opportunity | Privacy Policy | Fair Lending Statement | NMLS Consumer Access | Advertisement

© 2021 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 Jeff Cayton - R3 Home Group 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. December 8, 2021
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