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Tempe

Why you'd want to live in Tempe

Tempe, Arizona is located southeast of Phoenix and is considered a major suburb of the larger city. Tempe was named after the Valley of Tempe near Mount Olympus in Greece. Arizona State University is located here, as is the head offices of US Airways. The city was the host of the Fiesta Bowl, although that event is scheduled to move in the future. The city holds a Tostitos Fiesta Bowl Block Party, which is known as one of the largest New Year's Eve parties in the country. Super Bowl XXX was held in Tempe, as were one of the 2004 Presidential debates. The city has a lively mixture of history, shopping, culture, dining, nightlife, sports, and special events to satisfy just about anyone. Fun in the sun is the name of the game in Tempe. via citytowninfo.com

Tempe Market Report

$494,117

AVERAGE PRICE OF 471 HOMES

$514,950

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,251,437

AVERAGE PRICE OF 16 MULTI-MILLION DOLLAR HOMES

$454,000

AVERAGE PRICE OF 4 NEWLY BUILT HOMES

$600,811

AVERAGE PRICE OF 139 HOMES WITH A POOL

$459,797

AVERAGE PRICE OF 71 REDUCED PRICE HOMES

Average Home

Average Price $494,117
Avg Bedrooms 3.07 beds
Avg Bathrooms 2.1 baths

Average Price by Bedrooms

1 bedroom $292,744
2 bedrooms $329,157
3 bedrooms $495,288
4 bedrooms $616,980
5 bedrooms $729,652
Tempe Home Price Trends
  8/2022 7/2022 6/2022 5/2022 4/2022
Total Listings 491 458 n/a n/a n/a
Average Price $510,963 $526,193 n/a n/a n/a
Avg Price Change -2.98% n/a n/a n/a n/a
Median Price $486,331 $498,720 n/a n/a n/a
Med Price Change -2.55% n/a n/a n/a n/a
Avg Bedrooms 3.08 beds 3.12 beds n/a n/a n/a
Avg Bathrooms 2.11 baths 2.14 baths n/a n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Adult 17 $130,070 67 days
Corona Del Sol High School 36 $751,598 51 days
Marcos De Niza High School 110 $525,612 45 days
McClintock High School 140 $465,366 58 days
Tempe High School 138 $456,084 93 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 471 $494,117 65 days
Distressed Homes 2 $514,950 55 days
Multi-Million Dollar Homes 16 $1,251,437 50 days
Newly Built Homes 4 $454,000 35 days
Homes with a Pool 139 $600,811 51 days
Reduced Price Homes 71 $459,797 50 days
eXp Realty
Rhonda Culver
14301 N 87th ST Suite 215
Scottsdale, AZ 85260
480-628-9595

© 2022 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 Rhonda Culver - eXp Realty 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. September 25, 2022
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