Tempe Housing Market Updates
What each monthly update includes
Each Tempe market update looks at price direction, months of supply, days on market, sold-to-list ratio, and what is changing by zip code, price band, and property type.
Data preference: ARMLS + Cromford Report + RPR + local real estate context.
Why Tempe is not one simple market
Tempe is compact, but its housing market changes sharply by location, property type, age of home, ASU proximity, freeway access, lot size, condo supply, student-rental demand, and South Tempe move-up demand.
North Tempe and the ASU area, Central Tempe, and South Tempe can behave differently during the same month.
Internal guide: Tempe Living Guide
Who this page is for
This page is for buyers, sellers, and relocation clients watching Tempe real estate, especially people comparing ASU access, walkability, light rail, freeway access, older block homes, condos, townhomes, South Tempe larger lots, and quick access to Phoenix, Scottsdale, Chandler, and Mesa.
How to read the reports
Start with the newest Tempe housing market update first. Older monthly reports are useful for spotting whether pricing, inventory, buyer leverage, and seller leverage are improving or weakening over time.
Tempe market context
Tempe sits near the center of the Greater Phoenix metro and is often compared with Scottsdale, Phoenix, Chandler, Mesa, and Gilbert. Its market includes ASU-area condos, student-rental pockets, older bungalows, block homes, central neighborhoods, South Tempe larger-lot homes, and higher-priced custom or semi-custom pockets.
The monthly reports below are meant to make that easier to track without treating every Tempe zip code like the same housing market.
Tempe Housing Market August 2026
Tempe Housing Market July 2026
Tempe Housing Market June 2026
Tempe Housing Market May 2026
Tempe Housing Market March 2026
February 2026 Tempe Housing Market Update
How to read Tempe by ZIP code
85281: North Tempe, ASU, Mill Avenue, Tempe Town Lake, light rail, older bungalows, student-rental pockets, condos, townhomes, and newer infill. Pricing can shift quickly by walkability, rental demand, parking, HOA rules, remodel quality, and proximity to campus or Town Lake.
85282: Central Tempe with many 1960s to 1980s homes, block construction, established neighborhoods, condos, townhomes, and strong freeway access. Roof age, HVAC age, remodel level, lot size, and street-by-street condition can matter a lot.
85283: South Tempe north of Guadalupe and nearby residential pockets with parks, greenbelts, single-family homes, townhomes, condos, and suburban feel while staying close to ASU, employment, and major commute routes.
85284: South Tempe / Warner–Ray corridor with larger lots, custom and semi-custom homes, higher price bands, and some remaining low-density pockets. Lot size, floor plan, school demand, remodel quality, and location inside the neighborhood can materially affect pricing.
85288: North Tempe and ASU-adjacent market area with condo, apartment, townhome, and student-rental influence. This zip can behave differently from Central and South Tempe because property type and buyer pool are different.
Property-type note: Tempe stats can shift quickly because condos, townhomes, student rentals, older block homes, renovated single-family homes, and South Tempe move-up properties do not compete the same way.
Tempe Housing Market FAQ
- How often are Tempe housing market updates published?
- Monthly, using the most recent closed-data cycle available.
- Why break Tempe down by ZIP code?
- Tempe is compact, but North Tempe and the ASU area, Central Tempe, and South Tempe behave differently. ZIP-level context helps avoid mixing student-rental and condo-heavy areas with larger-lot South Tempe neighborhoods.
- Which Tempe ZIP codes are covered here?
- This page focuses on 85281, 85282, 85283, 85284, and 85288.
- Do individual home features change days on market and pricing in Tempe?
- Yes. Location inside the neighborhood, remodel quality, roof age, HVAC age, lot size, lot orientation, layout, property type, parking, HOA rules, and ASU proximity can materially change pricing and days on market even inside the same ZIP code.
- What should I compare month to month in Tempe?
- Compare days on market, months of supply, sold-to-list ratio, price direction, inventory, property type, condo and townhome supply, ASU-area demand, and buyer/seller leverage by ZIP code, not just one broad citywide median.
- Can Andrea help me buy or sell in Tempe?
- Yes. Andrea Scheppe is a Phoenix native and full-time, award-winning REALTOR® who serves Tempe, Phoenix, Scottsdale, Chandler, Gilbert, Mesa, Ahwatukee, Apache Junction, and surrounding Greater Phoenix areas.