Tempe AZ market report
Tempe Arizona Real Estate Market Report: October 2026
Tempe Arizona real estate key facts
- The median single-family sale price in Tempe is $525,000, 1.9% lower than $535,000 a year earlier.
- 67 single-family homes sold in the latest month of closings, and they spent 79 days on market.
- Inventory equals 3.9 months of supply, which makes Tempe a balanced market.
- Condos and townhomes closed at a $300,000 median.
- This Tempe AZ market report covers Tempe homes for sale and Tempe condos for sale, updated monthly.
Talk to a full-time agent in Tempe
Two quick steps. Prefer to read first? The full report is below, with another form at the end.
Tempe Arizona real estate snapshot: October 2026
This Tempe Arizona real estate report covers every number that moves a price in Tempe: closings, pending sales, inventory and time on market, for houses and for condos and townhomes. Whether you are browsing Tempe homes for sale, comparing Tempe condos for sale, or getting ready to sell, start here. The condo section below goes deeper.
| Latest month, single‑family | Year earlier | Latest | Change |
|---|---|---|---|
| Median sale price | $535,000 | $525,000 | -1.9% |
| Average sale price | $595,212 | $621,107 | +4.4% |
| Closed sales | 83 | 67 | -19.3% |
| Pending sales | 68 | 38 | -44.1% |
| New listings | 82 | 89 | +8.5% |
| Homes for sale | 230 | 288 | +25.2% |
| Days on market | 68 | 79 | +16.2% |
| Share of list price received | 97.2% | 97.7% | +0.5 pts |
| Months of supply | 3.2 | 3.9 | +21.9% |
The worry: Sellers often ask how much it costs to sell a house in Arizona, and the list price alone does not answer it. The fix: Your net depends on price, concessions and closing costs, so get a written price opinion and a net sheet from a full-time listing agent.
Year to date in Tempe Arizona real estate: 696 homes closed at a $540,000 median, versus 662 at $554,500 a year earlier, so more homes have sold at a lower median than last year.
What it means for buyers
You have leverage, but it is narrow. Sellers still received 97.7% of asking, so build your offer from closed sales on your street, not from list prices. Your full-time Tempe buyer’s agent pulls those comps before every offer.
What it means for sellers
With pending sales down 44.1%, fewer buyers are writing offers, and pricing on day one decides your net. Start with a real price opinion for your Tempe home, then compare plans from a full-time listing agent in your zip.
Tempe Arizona real estate is compact, about 40 square miles, and splits three ways: ASU, downtown and Tempe Town Lake in the north, 1960s and 1970s neighborhoods in central Tempe, and the lake communities and larger homes of south Tempe. Read the numbers below with that split in mind.
October 2026 Buyer & Seller Takeaways
- Buyers: Base every offer on recent closed comps rather than asking prices: sellers took 97.7% of list in the latest month. Compare a home with recent closings in the same part of Tempe, because a condo near Mill Avenue and a house in Warner Ranch sit in very different price ranges, and have a dedicated buyer’s agent check the comps before you offer.
- Sellers: Homes are taking 79 days to sell and pending sales are down 44.1% from a year earlier, so use this Tempe AZ market report to set your list price from closed sales, then interview a full-time Tempe listing agent.
- Condo buyers: Tempe condos for sale carry 7.1 months of supply at a $300,000 median, versus 3.9 months for houses. Review the HOA budget and reserves before you offer.
- Out-of-state buyers: Ask your agent to film the walk or drive from the home to ASU, Mill Avenue, light rail or the Loop 101 employers at the hour you would make it, and to show you the nearest park. Save your flight for the last two or three homes.
The worry: Buyers and sellers both search who pays closing costs in Arizona. The fix: The purchase contract decides it, and seller concessions can shift costs, so ask for an estimated settlement statement before you sign; a full-time listing agent or buyer’s agent negotiates those terms.
How to read this Tempe AZ market report
Months of supply is how long current listings would last at today’s sales pace; under 3 favors sellers, 3 to 6 is balanced. Pending sales are homes under contract, the earliest sign of where closings go next. Share of list price shows how much room buyers are negotiating. Read the three together before you set a price or write an offer.
What else moved this month
Across Tempe Arizona real estate, closed sales fell 19.3% to 67 while new listings rose 8.5% to 89, and homes for sale were up 25.2% from a year earlier. The average sale price of $621,107 sits above the $525,000 median because higher-priced homes pull the average up, so the typical home costs closer to the median than the headline average suggests.
12-month Tempe Arizona real estate trend: single-family median sale price
Over the past 12 months, single-family medians in Tempe Arizona real estate ranged from $522,500 to $563,500, a $41,000 band. The latest month closed at $525,000, up from $522,500 the month before and 1.9% below the same month a year earlier. Month-to-month medians move with the mix of homes that close, so read the line, not one point. Each month this Tempe AZ market report adds the newest closings to the line.
What a pricing mistake costs in Tempe
Tempe sellers received 97.7% of asking in the latest month, about $12,100 under list on a $525,000 home, before any concessions. Sellers who priced right closed in about 79 days; sellers who guessed are still sitting, cutting and handing leverage to the buyer. Buyers face the mirror image: overpay by 5% on a $525,000 home and you start $26,250 behind before your first payment. That is why we put a dedicated full-time local agent on every Tempe Arizona real estate move.
DON’T make a $100,000 mistake and hire a part-time or out-of-area agent.
Here is how that mistake happens with Tempe Arizona real estate:
- Pricing against the wrong comps. A blended-ZIP median or a different subdivision is not your home’s market. Tempe sellers received 97.7% of asking in the latest month; misread the comps by 5% on a $525,000 home and that is $26,250.
- Missing an HOA, floodplain or airport issue. HOA rules, a mapped floodplain or an airport noise or flight-path area can change a home’s value. Check any address on the Flood Control District of Maricopa County floodplain page before you are under contract, and have your agent pull the official airport disclosure maps.
- Losing negotiation leverage. Seller concessions are negotiated, and a weak first offer or counter can leave thousands on the table.
Work with a dedicated full-time local agent: a full-time buyer’s agent if you are buying, or a full-time seller’s agent if you are selling.
Tempe homes for sale by ZIP code: Tempe Arizona real estate, October 2026
Tempe Arizona real estate is compact, about 40 square miles, but it runs from the ASU and Tempe Town Lake area in the north to the larger lots and newer subdivisions of south Tempe.
Last Updated: October 2026
| ZIP | Area | Median sale price | Change vs year earlier | Homes sold | Median days on market |
|---|---|---|---|---|---|
| 85281 | North Tempe | $399,883 | -17.1% | 58 | 54 |
| 85282 | Central Tempe | $450,368 | +11.2% | 108 | 53 |
| 85283 | South Tempe | $483,108 | +2.8% | 90 | 52 |
| 85284 | South Tempe | $714,290 | +2.6% | 35 | 67 |
| 85288 | North Tempe | $438,871 | +10.4% | 36 | 57 |
ZIP figures cover all home types (houses, condos and townhomes), so they can run lower than the single-family median above. The median sale price covers the latest three months, and the change compares the same three months a year earlier. Homes sold counts closings in the latest month.
Tempe homes for sale: what each part of the city offers
North Tempe: 85281, 85288
ASU, downtown Tempe, Mill Avenue and Tempe Town Lake sit here, with condos, townhomes, historic districts and older ranch homes close to light rail and the streetcar.
Central Tempe: 85282
Mostly 1960s and 1970s single-family neighborhoods between US 60 and Broadway Road, with mature trees, larger lots and quick freeway access.
South Tempe: 85283, 85284
Lake communities, the Kyrene school corridor and the newer, larger homes of south Tempe near Loop 101 and the Chandler border.
Ask us for single-family comps on your exact street before you write an offer on Tempe homes for sale or set a list price.
Tempe Arizona real estate neighborhoods to know
Zip codes tell you price. Neighborhoods tell you how it feels to live there. These are the Tempe Arizona real estate names our agents hear most from buyers.
- Downtown Tempe and Mill Avenue (85281). Condos, lofts and townhomes within walking distance of ASU, Tempe Town Lake, restaurants and light rail.
- Maple-Ash (85281). A historic neighborhood just west of ASU with older homes on tree-lined streets.
- The Lakes (south-central Tempe). A lake community with waterfront homes, townhomes and paths around several man-made lakes.
- Kiwanis Park area (85283). Established neighborhoods around one of the city’s largest parks, with ball fields and a recreation center.
- Warner Ranch (85284). A south Tempe community with larger homes, greenbelts and quick access to Loop 101 and the Price Road employers.
Every Tempe Arizona real estate neighborhood above behaves differently when prices soften. Ask us how the last three months of sales played out in the exact community you are considering.
Tempe Arizona real estate: condos and townhomes
Tempe condos for sale: resale condos and townhomes, October 2026
The worry: Condo buyers search for average HOA fees in Arizona, but an average says little about one building. The fix: Ask for the HOA budget, reserve study and any special assessments before you offer; your condo agent requests them for you.
Tempe condos and townhomes closed at a $300,000 median in the latest month, a -8.3% change from a year earlier, with 7.1 months of supply versus 3.9 for houses. Before you offer, have a condo specialist review the HOA budget and reserves.
Condo and townhome median sale price: 12-month trend
Our market data: Tempe condo and townhome closings, latest 12 months.
Shoppers comparing Tempe condos for sale should read the HOA as closely as the unit, and near ASU, check rental rules and investor share in the building. Financing is the catch, because condo loan rules can sink a deal late, so read our guide to Arizona condo financing before you make an offer. We review the budget, reserve fund, rental rules and any special assessments. Selling a condo? Supply is high right now, so presentation and price matter, and we position yours against the exact competing units in the same building or community.
Where Tempe condos and townhomes trade
| Area | Communities | Note |
|---|---|---|
| North Tempe (85281) | Ask us for the current communities in this area | Condos and lofts near ASU, downtown and Tempe Town Lake, from older garden-style buildings to newer mid-rise towers. |
| Central Tempe (85282) | Ask us for the current communities in this area | Older condo and townhome communities near Broadway Road and US 60. |
| South Tempe (85283, 85284) | Ask us for the current communities in this area | Townhomes and condos near the lakes and the Kyrene corridor. |
Tempe condos for sale change week to week, so we share the current condo and townhome communities in each area on request.
Which cities near Tempe should buyers compare against?
Tempe sits in Maricopa County; compare Tempe Arizona real estate with every city in our Maricopa County guide. Times are approx. drive time from Mill Avenue at University Drive (downtown), no traffic, by our routing to each city’s mapped center.
How Tempe compares with its neighbors
Many Tempe buyers also tour Chandler, Mesa, Scottsdale and Ahwatukee before they decide, so we track each of those markets every month alongside Tempe Arizona real estate. North Tempe borders Scottsdale and Phoenix near Sky Harbor, while south Tempe runs to the Chandler line and the Price Road employers. Many buyers pick a part of the city for the commute first and the house second.
Selling in one Valley city and buying in another? Timing both sides is where movers lose money. One full-time agent can line up your sale and purchase so you are not carrying two mortgages or rushing into the wrong home. Tempe Arizona real estate ranges from downtown condos to lake homes in the south, so you can trade up or downsize without leaving the city.
Buying Tempe Arizona real estate this fall: a 5-step plan
- Set your number from closed sales, not list prices. Tempe sellers received 97.7% of asking in the latest month. On a $525,000 home that is about $12,100 of room, so build your offer around recent closings on your street.
- Pick the zip before the house. Tempe Arizona real estate prices vary from the condos and older homes near ASU to the larger homes of south Tempe. Condos, lofts and historic homes near ASU cluster in 85281, 1960s and 1970s ranch homes with mature trees fill 85282, and lake communities and larger homes sit in 85283 and 85284.
- Target homes that have sat. With 79 days on market and pending sales down 44.1%, Tempe homes for sale that have sat for several weeks are where sellers listen. Near ASU, a long listing often means a condo competes with many similar units in the same area, so we pull recent closings in the same complex before you offer.
- Check city limits, HOA rules and school boundaries. Tempe is served by Tempe Elementary, Kyrene and Tempe Union High School districts depending on the address, and a few homes near the city edges sit in county islands. Ask which of Tempe School District, Kyrene or Tempe Union serves the parcel, and whether it sits in a historic district, before you buy any Tempe Arizona real estate.
- Put a full-time agent on your side. Tell us whether you are looking near ASU, in central Tempe or in south Tempe, and a dedicated full-time Tempe buyer’s agent who tours that part of the city every week replies personally.
Selling Tempe Arizona real estate this fall: 4 pricing moves that work
- Price for today, not last spring. Over 12 months, the single-family median for Tempe Arizona real estate moved between $522,500 and $563,500. Price against recent closings of similar homes nearby first; because Tempe has little room to build, buyers compare your home with resale homes rather than new builds.
- Win the first two weeks. With 288 Tempe homes for sale and 38 pending, buyers compare everything. Show the yard, the mature trees and the walk or drive to the nearest park, lake or light rail stop in the first photos, and finish repairs before you list.
- Know your real competition. In north Tempe, resale houses compete with a large supply of condos and townhomes near ASU. In south Tempe, resales compete with each other on lot size and updates, so price against the same neighborhood first.
- Negotiate the net, not the price. Repair credits, closing-cost concessions and any HOA transfer fees can move your net as much as the price, and a full-time Tempe listing agent negotiates each one before you sign.
Tempe Arizona real estate: seasonal ownership and 55+ communities
Seasonal ownership and 55+ communities
Tempe has few age-restricted communities; single-level homes and condos sit close to the lake, light rail and ASU arts and classes, a distinct slice of Tempe Arizona real estate. Ask us which HOAs suit seasonal owners, and compare 55+ options in nearby Chandler, Sun Lakes and Mesa. If you’re relocating, see our Arizona relocation guide.
Buying to rent or hold
Tempe condos for sale near ASU draw steady rental demand, but HOA rental caps and city rental rules matter here, so check them first. Before you buy a rental, confirm the HOA rental rules and city licensing for the exact address. Already own one? We offer $99-a-month flat-fee property management, and we help investors plan an Arizona 1031 exchange inside the 45-day and 180-day windows.
Why Tempe movers choose our team
- 99 city reports, 15 county guides. Beyond this Tempe AZ market report, we publish market reports for 99 Arizona cities and communities and all 15 Arizona counties, so your agent sees how Tempe Arizona real estate compares with every nearby market.
- Full-time agents only. Never a part-timer, never a call center. Here is why full-time matters.
- Real numbers, not robot estimates. Pricing in this Tempe AZ market report comes from actual Tempe closings, not an automated value. See why online estimates get Arizona homes wrong.
- Local knowledge. Which buildings cap rentals, which streets fill up on game days and which homes back to a busy road: our agents know the difference between Mill Avenue and Warner Ranch, Maple-Ash and The Lakes, and price Tempe Arizona real estate accordingly.
Living in Tempe: schools, city services and jobs
Tempe is home to 190,571 residents, according to the U.S. Census Bureau Vintage 2025 population estimate (linked in Tempe market drivers).
Nearby schools
Source: Arizona State Board of Education FY2025 A-F letter grades, Arizona Department of Education final FY2025 file; school detail on Arizona School Report Cards. Grades served and school ZIPs from the National Center for Education Statistics school search. Verify attendance boundaries with the district.
The worry: Buyers search Arizona school grades, then learn that the closest school is not always the one assigned to an address. The fix: Use the FY2025 grades below as a starting point and confirm the attendance boundary with the district; your buyer’s agent checks it for the exact address.
| District serving Tempe addresses | FY2025 district grade | Schools graded | Where it serves Tempe |
|---|---|---|---|
| Tempe School District | B | 22 | 19 graded schools with a Tempe address (85281, 85282, 85283) |
| Kyrene Elementary District | A | 25 | 6 graded schools with a Tempe address (85283, 85284) |
| Tempe Union High School District | A | 7 | 4 graded schools with a Tempe address (85281, 85282, 85283, 85284) |
Top elementary schools. Among district schools with Tempe addresses, the highest FY2025 K-8 scores belong to Ward Traditional Academy (Tempe School, A, 94.27), Rover Elementary School (Tempe School, A, 91.59), Broadmor Elementary School (Tempe School, A, 89.03).
Top high schools. District high schools with Tempe addresses are led by Corona Del Sol High School (Tempe Union High School, A, 94.74), Mcclintock High School (Tempe Union High School, A, 82.39), Marcos De Niza High School (Tempe Union High School, A, 81.33), Tempe High School (Tempe Union High School, A, 76.10).
Corona Del Sol High School
94.74 total points and a graduation-rate score of 10.00 of 10. School address in 85284.
ADE A94.74 pointsGrad-rate score 10.00Mcclintock High School
82.39 total points and a graduation-rate score of 10.00 of 10. School address in 85282.
ADE A82.39 pointsGrad-rate score 10.00Marcos De Niza High School
81.33 total points and a graduation-rate score of 10.00 of 10. School address in 85283.
ADE A81.33 pointsGrad-rate score 10.00Ward Traditional Academy
94.27 total points. School address in 85282.
ADE A94.27 pointsRover Elementary School
91.59 total points. School address in 85283.
ADE A91.59 pointsBroadmor Elementary School
89.03 total points. School address in 85282.
ADE A89.03 pointsTempe Preparatory Academy
83.88 hybrid total points and a graduation-rate score of 10.00 of 10. School address in 85282. Charter schools are open enrollment, with no attendance zone.
ADE A83.88 pointsGrad-rate score 10.00Open enrollmentCenter for Educational Excellence
82.78 total points. School address in 85284. Charter schools are open enrollment, with no attendance zone.
ADE A82.78 pointsOpen enrollmentNotable charters with Tempe campuses. Tempe Preparatory Academy (Tempe Preparatory Academy, A, 83.88), Center for Educational Excellence (Allen-Cochran Enterprises, Inc., A, 82.78), New School for the Arts (New School For The Arts, A, 80.15), New School for the Arts Middle School (New School for the Arts Middle School, B, 70.84).
Grades are neutral public information and one of many factors a household may weigh. We do not recommend or discourage any area based on school data.
Tempe crime data and police coverage: October 2026
The worry: A common search is which Arizona city has the lowest crime rate, but city rankings mix different sources and methods. The fix: Read the sourced figures below side by side and look up the exact address; a local buyer’s agent can tour the street with you at different hours.
3 public sources cover crime in Tempe, each with its own method: AreaVibes, SpotCrime and FBI Crime Data Explorer. The FBI Crime Data Explorer counts offenses the Tempe Police Department reported; the others grade or track the city in their own ways. A grade or a rate is not a promise about any street.
Tempe crime by source, side by side
Each source measures crime differently, so read each column on its own terms rather than against the others.
| Source | AreaVibes | SpotCrime | FBI Crime Data Explorer |
|---|---|---|---|
| What it measures | Crime grade and reported crimes per 100,000 residents, from FBI data | Incidents from police reports, last 30 days versus the previous 30 | Offenses reported by the Tempe Police Department |
| Tempe figure | Grade F. 6,438 total crimes, 3,364 per 100,000 (Arizona 2,214; US 2,119); violent crime 470 per 100,000 | Overall down 14%; property crime down 9%, violent crime down 1% | 2025: 799 violent (417.6 per 100,000) and 5,169 property (2,701.4 per 100,000). 2024: 901 violent and 5,581 property |
| Period | 2024 data | Rolling 30 days | Calendar years 2025 and 2024 |
| Checked | October 11, 2026 | October 11, 2026 | October 11, 2026 |
Crime data is one data point; tour the area at different times of day. Your buyer’s agent can walk the street with you at night and on a weekend before you write an offer.
Crime figures checked October 11, 2026. Per-resident rates read higher around retail and commercial blocks, where few people live. Look up any specific address yourself before you decide.
Law enforcement jurisdiction in Tempe
Incorporated Tempe is policed by the Tempe Police Department, organized into patrol bureaus: Apache North (north of Broadway Road), Hardy South (south of Broadway Road) and a Metro Patrol Bureau for the central area and downtown (see the official patrol area page). Any unincorporated county island with a Tempe mailing address is served by the Maricopa County Sheriff’s Office.
The Arizona DPS Highway Patrol patrols the state freeways through Tempe: Interstate 10, US 60 (the Superstition Freeway), Loop 101 (the Price Freeway) and Loop 202 (the Red Mountain Freeway). Fire and emergency medical service inside city limits comes from the Tempe Fire Medical Rescue Department; the city covers about 40 square miles of land, per the Census Bureau gazetteer. Ask your agent whether an address is inside city limits, because it changes police, fire and tax bills.
Cost of emergency services: the City of Tempe FY 2026/27 final budget adoption (Resolution R2026.56), Attachment A sets $141,664,565 for Police and $67,355,494 for Fire Medical Rescue (department totals, all funds). Divided by Tempe’s 190,571 residents (Census estimate, linked in Tempe market drivers), that is $743.37 per resident for police, $353.44 for fire and medical, and $1,096.81 combined. This per-resident figure is our calculation from those two sources, checked October 2026.
Major employers and commute times
Tempe’s job base centers on ASU, technology and corporate offices around Tempe Town Lake and the Price Road corridor, with Sky Harbor and downtown Phoenix a short drive west. Times below are approx. drive time, no traffic, from Mill Avenue at University Drive (downtown), computed with the public OSRM road router to each employer’s main site in the area. Your rush-hour drive will be longer.
- City of Tempe 1 min, approx. drive time, no traffic
- Arizona State University 2 min, approx. drive time, no traffic
- Carvana 3 min, approx. drive time, no traffic
- First Solar 4 min, approx. drive time, no traffic
- Salt River Project 6 min, approx. drive time, no traffic
- Tempe Elementary School District 7 min, approx. drive time, no traffic
- Tempe Union High School District 10 min, approx. drive time, no traffic
- Phoenix Sky Harbor International Airport 14 min, approx. drive time, no traffic
- Honeywell Aerospace 14 min, approx. drive time, no traffic
- GoDaddy 16 min, approx. drive time, no traffic
Before you write an offer on Tempe Arizona real estate, your agent pulls the tax history and checks the commute at the hours you actually drive.
Buying Tempe Arizona real estate from out of state
Tempe Arizona real estate draws movers for ASU and the employers around Tempe Town Lake and Loop 101, and many buy before they know how different north and south Tempe feel. The costly mistake is choosing a house before choosing the part of town, the HOA rules and the commute. Relocating to Tempe? A local buyer’s agent can tour homes for you on live video and tell you what the listing photos leave out, before you fly in.
Start with the part of the city that fits your life: walkable north Tempe near ASU and the lake, the mature neighborhoods of central Tempe, or the larger homes of south Tempe. Then compare Tempe Arizona real estate listings with recent closings in the same part of the city, not with list prices across town. Read our moving to Arizona guide for climate, costs and timing.
More Tempe Arizona real estate help from our team
Some Tempe Arizona real estate moves are more than one house: selling a central Tempe ranch home to buy in south Tempe, comparing a condo near ASU with a townhome, or buying a rental near campus. Each request gets a dedicated full-time specialist, and sellers get a value check built on recent Tempe closings by a full-time agent. Seasonal buyers can compare Tempe condos for sale with single-family homes, HOA rules and rental limits here and in nearby Scottsdale and Chandler.
Buying or selling a Tempe business, with or without the real estate? We work with full-time business brokers who value, market and close with complete confidentiality. Retail, office, industrial, flex and multifamily belong with a full-time commercial agent, not a residential agent who handles one occasionally. For land and acreage, we check zoning, water, utilities and access before you commit, so a great price doesn’t become an unbuildable parcel.
Tempe and Valley events: October 2026 to spring 2027
Touring Tempe Arizona real estate listings from out of town? Plan a trip around one of these. Tempe events are highlighted in green.
Local events (late Oct–Nov 2026)
We checked these on each event’s official site on Oct 21, 2026. Hours and prices can change, so confirm before you go.
- ASU Sun Devils football home games (ASU’s stadium, Tempe): Oct 24 vs. Kansas State, Nov 7 vs. Colorado (Salute to Service and Family Weekend) and Nov 21 vs. Oklahoma State (Homecoming), 2026. See the official site for kickoff times. Official site
- Phoenix Zoo: Spooky Safari and ZooLights (Papago Park, Phoenix): Spooky Safari runs Oct 28 to 30, 2026, 5:30 to 8:30 p.m., $18 per person. ZooLights runs Nov 25, 2026 through Jan 15, 2027, 5:30 to 10:30 p.m., general tickets $35. Children 2 and under free at both. Spooky Safari official site · ZooLights official site
- Fear Farm (1475 N McClintock Dr, Tempe): haunted attraction open select nights through Nov 14, 2026, including an officially licensed Jason Universe walkthrough. Tickets from $24.99, sold online only. Official site
| When | Event | Link |
|---|---|---|
| Dec 4 to 6, 2026 | Fall Tempe Festival of the Arts Mill Avenue, downtown Tempe. Outdoor arts festival. | Official site |
| Dec 12, 2026 | Fantasy of Lights Boat Parade Tempe Beach Park and Tempe Town Lake. Lighted boat parade. | Official site |
| Mar 12 to 14, 2027 | Spring Tempe Festival of the Arts Mill Avenue, downtown Tempe. Dates listed as tentative. | Official site |
| Oct 24, 2026 | Phoenix Suns home opener The Suns’ downtown Phoenix arena, vs. Warriors. Home games run through April 9, 2027. | Official site |
| Oct 25 to Jan 3 | Arizona Cardinals home games The Cardinals’ stadium in Glendale: Oct 25, Nov 15, Nov 29, Dec 6, Dec 20 and Jan 3. Week 18 home game vs. 49ers: the weekend of Jan 9 to 10, 2027, with the exact day set by the league after Week 17. | Official site |
| Fri Apr 2, 2027 | Arizona Diamondbacks Home opener Friday, April 2, 2027 vs. the Marlins, at the Diamondbacks’ downtown Phoenix ballpark. | Official site |
Dates checked October 11, 2026 on each event’s or team’s official site. Every date above is the one published on that official site.
Why Tempe Arizona real estate matters in 2026
Tempe market drivers
These are the forces behind Tempe Arizona real estate prices this year.
- Major employers close in. The City of Tempe, ASU, Carvana and First Solar sit within about 4 minutes of downtown Tempe, and SRP and the Tempe school districts within about 10 minutes (approx. drive time, no traffic, by our routing; see employers and commute times).
- Arizona State University. ASU’s Tempe campus brings steady demand for condos, townhomes and rentals near downtown.
- Tempe Town Lake. The city’s Tempe Town Lake anchors offices, events and condo towers along the Rio Salado.
- Year-round events. The Tempe Festival of the Arts runs twice a year on Mill Avenue, and the Fantasy of Lights Boat Parade lights up the lake; see Tempe events.
- Limited land. Tempe is nearly built out, so new homes come mostly as infill condos and townhomes, which keeps resale houses in steady demand.
- Population. Tempe had 190,571 residents in the U.S. Census Bureau Vintage 2025 population estimate.
Moving to Tempe from California, Washington or Texas?
The Census Bureau’s latest State-to-State Migration Flows: 2024, Table 1 (American Community Survey 1-year estimates) counts 52,383 people (±6,890) living in Arizona who lived in California a year earlier, the most from any state, followed by Washington (17,601, ±3,256) and Texas (10,306, ±2,404). These are survey estimates for 2024 with margins of error.
Tempe versus California. In this Tempe AZ market report, the single-family median sale price is $525,000. For California, the Census Bureau’s QuickFacts lists a median value of owner-occupied housing units of $734,700 (2020-2024 American Community Survey 5-year estimate); that is an owner-reported value, a different measure from a sale price. Tempe has 190,571 residents, against 39,355,309 for California in the same Census Vintage 2025 estimates.
Retirement income. Arizona does not tax Social Security retirement benefits; the Arizona Department of Revenue lists them among income Arizona law does not tax.
Buying from out of state. A dedicated full-time Tempe buyer’s agent tours Tempe Arizona real estate listings for you on live video and checks what listing photos leave out: whether a street sits in an airport noise or flight-path area, whether a lot backs onto a wash or sits in a mapped floodplain (look up any address on the Flood Control District of Maricopa County floodplain page), what the HOA rules allow, and which school district serves the address, since district lines and city lines differ in Tempe.
The worry: One of the most searched questions about Tempe is whether it is a good place to live, and no ranking answers that for one property. The fix: Weigh the price, school, crime and drive-time data on this page, then read our moving to Arizona guide.
Census, Department of Revenue and Flood Control District pages checked October 2026.
How we build this Tempe Arizona real estate report
Every citywide number in this Tempe Arizona real estate report is our market data for Tempe, reported for single-family homes and for condos and townhomes separately. Zip-level figures return once the current month’s zip data is complete; we do not show older zip numbers next to newer citywide data. We never publish a number we cannot verify; when a figure is not available, such as a monthly new construction series or price per square foot, we leave it out instead of guessing. Builder prices come from each builder’s own site and change often, and event dates were checked on official sites. We refresh this report every month.
Tempe Arizona real estate FAQ
What is the median home price in Tempe, AZ right now?
The median single-family sale price in Tempe was $525,000 in the latest month of closings, 1.9% lower than $535,000 a year earlier. Condos and townhomes closed at a $300,000 median.
Is Tempe a buyer’s or seller’s market in October 2026?
Tempe is balanced. Inventory equals 3.9 months of supply, pending sales fell 44.1% year over year, and sellers received 97.7% of list price.
How long does it take to sell a house in Tempe?
Single-family homes that closed in the latest month spent 79 days on market, 11 days slower than a year earlier. Pricing right on day one is the biggest factor you control.
How many homes are for sale in Tempe?
In the latest month, 288 single-family homes and 240 condos and townhomes were for sale in Tempe, with 89 new single-family listings added during the month.
What zip codes are in Tempe, AZ?
The ZIP codes in our Tempe market data are 85281, 85282, 85283, 85284 and 85288 (created in 2022 from part of 85281). Some Tempe ZIPs also cover parts of Guadalupe, Phoenix or county islands, so check the city for any address.
Which school districts serve Tempe addresses?
The districts with the most graded schools at Tempe addresses are Tempe School District (B), Kyrene Elementary District (A), Tempe Union High School District (A) in the FY2025 Arizona A-F letter grades. Always confirm the district for the exact address before you write an offer.
How many people live in Tempe?
Tempe had 190,571 residents in the U.S. Census Bureau Vintage 2025 population estimate.
Is Tempe, AZ a good place to live?
That depends on the property and the setting you want, not on a ranking. Tempe ranges from condos near ASU and Tempe Town Lake to the 1960s and 1970s neighborhoods of central Tempe and the lake communities of south Tempe. This page lists the facts to weigh: prices, months of supply, FY2025 school grades, sourced crime data and drive times to major employers.
Who pays closing costs in Arizona?
In Arizona the purchase contract sets which closing costs each side pays, and seller concessions can shift some buyer costs to the seller. For a Tempe condo or a home in an HOA, also budget for transfer and capital fees, which vary by building and community. Ask for an estimated settlement statement before you sign.
How much does it cost to sell a house in Arizona?
It depends on your sale price, the commission you negotiate, any concessions, your share of closing costs, any HOA transfer fees and your loan payoff. Ask a full-time listing agent for a written net sheet built on recent closings in your part of Tempe.
Is Tempe building new homes?
Tempe is nearly built out, so new homes come mostly as infill condos and townhomes rather than new subdivisions. That keeps resale houses in steady demand, especially in central and south Tempe.
What is the difference between north and south Tempe?
North Tempe (85281) holds ASU, downtown, Mill Avenue and Tempe Town Lake, with condos, townhomes and historic districts close to light rail. South Tempe (85283, 85284) has lake communities and newer, larger homes near Loop 101 and the Chandler border.
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