Published : August 9, 2026 Data as of : August 6, 2026 Compared to : July 6, 2026 Coverage : Tempe, AZ (city-level) • Source : Cromford® Daily Market Snapshot (Single Family Detached)
Tempe • Arizona • Market Updates
Tempe Housing Market August 2026 Tempe, AZ – city-level snapshot for single-family detached homes.
Q: What’s happening in the Tempe housing market right now?
A: As of August 6, 2026 balanced : 3.2 months of supply (excluding UCB/CCBS), median monthly sold price $530,000 , days on market (sold) 65 days, and an average sale-to-list of 97.28% . The Cromford® Market Index is 91.6 – down from 99.2 last month and now sitting at the bottom of the balanced band.
What this means Negotiation: Homes are selling for about 97.28% of list price – roughly 2.72% under asking, firmer than last month’s 96.72%.How much is for sale: Inventory is 3.2 months (excluding UCB/CCBS), up from last month’s 2.7 and about level with last August’s 3.3.How long it takes: Recently-sold homes averaged 65 days on market, up from 61; active listings average 76 days .Pricing reality ($/SF): Monthly sold $/SF is $314.38 while active list $/SF is $330.38 . That is a $16.00/SF gap between asking and closing – and that spread is where negotiations happen.This is a rolling snapshot (today vs the same date last month ) so buyers and sellers can track leverage shifts without waiting for month-end reporting.
Written by Andrea Scheppe , Phoenix native and REALTOR® with HomeSmart Elite, Valley Solutions Team.
Tempe reality check: Supply grew because sales fell, not because listings arrived. Closings dropped (83 → 71 ) while active listings were flat (263 → 264 ), and that alone pushed months of supply from 2.7 to 3.2 . The Cromford® Market Index fell 7.6 points to 91.6 , the largest drop of the Valley markets I track, and it now sits at the bottom of the balanced band. The median held exactly flat at $530,000 , but average sold size fell hard (1,990 → 1,829 SF ) and monthly sold $/SF fell with it ($331.39 → $314.38 ) – smaller homes, and cheaper per foot. Against that, sale-to-list firmed (96.72% → 97.28% ) and the pipeline built: pending rose (34 → 40 ) and listings under contract rose (73 → 79 ). The listing success rate fell to 70.3% from 76.1%.
Median sold price (monthly sales)
$530,000 FLAT ($530,000 → $530,000)
Inventory (months of supply, excl. UCB)
3.2 mo MORE SUPPLY (2.7 → 3.2)
Speed (DOM, sold)
65 days SLOWER (61 → 65)
Negotiation (avg sale price % of list)
97.28% STRONGER (96.72% → 97.28%)
Market call Market: BALANCED – BUYERS ARE GAINING GROUND
Balanced because Cromford® Market Index is 91.6 , just inside the 90 to 109 band and down 7.6 points from 99.2. This one is a supply story: the Supply Index rose from 82.3 to 88.1 while the Demand Index barely moved (81.6 → 80.7). The supply did not come from new listings – active inventory was flat at 264 . It came from closings falling to 71 from 83, which stretches the same inventory over more months. Sale-to-list firmed to 97.28% , so buyers gave back a little at the table even as their structural position improved – about 2.72% under ask. The signals that cut against the softening read: pending rose to 40 , listings under contract rose to 79 , and the contract ratio improved to 35.1 . Another 7-point slide puts Tempe in buyer-leaning territory; the rebuilding pipeline argues against that.
Quick pulse vs last month (7/6 → 8/6 263 → 264 , pending 34 → 40 ,
under contract 73 → 79 , and sales/month 83 → 71 .
Pricing per sq ft: Active list $/SF $328.12 → $330.38 ; Monthly sold $/SF $331.39 → $314.38 ; Under contract $/SF $317.42 → $310.15 .
Buyer standings – August 2026 (what to do) Here is the buyer takeaway for August 2026.
Your position improved: Supply rose to 3.2 months from 2.7 and the CMI fell to 91.6 . Tempe is the closest of the Valley markets I track to tipping buyer-leaning.But negotiation tightened: Sale-to-list firmed to 97.28% – about 2.72% under ask, less room than last month.Use the $/SF spread: Active list is $330.38/sf against monthly sold $314.38/sf , a $16.00 gap. Sold DOM is 65 days against active DOM of 76 .Move on what you want: Pending rose to 40 and under-contract to 79 . The pipeline is rebuilding even as the index softens.Seller standings – August 2026 (what matters) Supply loosened underneath you: Months of supply went from 2.7 to 3.2 – not because more homes listed, but because closings fell to 71 .The median held, the price per foot did not: The median stayed at $530,000 while sold $/SF fell to $314.38 and average sold size dropped to 1,829 SF . Do not read the flat median as a flat market.Price to comps: Buyers closed around $314.38/sf ; active listings average $330.38/sf .Roughly 7 in 10 listings close: The listing success rate fell to 70.3% from 76.1%. Active DOM is 76 days for the ones still waiting.Notes & FAQ This is a rolling daily snapshot (today vs the same date last month), using Tempe single-family detached metrics from the Cromford® Daily Market Snapshot. Designed to answer “where do buyers and sellers stand right now?” without waiting for month-end reporting.
Quick definitions: Months of supply = “how much is for sale,” DOM = “how long it takes,” sale-to-list = “how much people negotiate,” $/SF = “price per square foot.”
What is Tempe’s inventory right now?
About 3.2 months of supply (excluding UCB/CCBS) as of 8/6/26
Are buyers negotiating in Tempe?
Modestly: sale-to-list is 97.28% as of 8/6/26
Is Tempe a buyer’s market right now?
Not yet by Cromford® Market Index: it is 91.6 as of 8/6/26
What is the median home price in Tempe right now?
The median monthly sold price for Tempe single-family detached homes is $530,000 as of August 6, 2026
Open: Tempe daily snapshot table (Today vs last month vs last quarter vs last year vs 2 years ago) Tempe Daily Market Snapshot – Single Family Detached Metric Today (8/6/26 ) Last month (7/6/26 ) Last quarter (5/6/26 ) Last year (8/6/25 ) 2 years ago (8/6/24 ) Active listings 264 263 256 258 185 UCB & CCBS listings 39 39 59 31 31 Active listings excl. UCB 225 224 197 227 154 Pending listings 40 34 49 34 28 Listings under contract 79 73 108 65 59 Sales per month 71 83 97 68 60 Sales per year 918 915 916 864 818 Days on market (sold) 65 61 56 61 44 Days on market (active) 76 74 67 79 60 Days inventory excl. UCB 90 90 79 96 69 Months of supply (excl. UCB) 3.2 2.7 2.0 3.3 2.6 Active listings $/SF $330.38 $328.12 $330.49 $324.61 $330.82 Under contract $/SF $310.15 $317.42 $341.22 $305.12 $327.24 Monthly sales $/SF $314.38 $331.39 $303.43 $300.97 $295.25 Annual sales $/SF $309.06 $308.09 $306.12 $308.68 $300.30 Appreciation – monthly $/SF 4.5% 8.8% -0.4% 1.9% -8.8% Appreciation – annual $/SF 0.1% -0.1% -0.3% 2.8% 4.4% Appreciation – monthly median 3.9% -2.8% -1.8% -7.6% 6.2% Appreciation – annual median -1.7% -1.8% -0.9% 1.8% 8.0% Avg sale price % of list 97.28% 96.72% 98.10% 97.28% 98.42% Annual change supply -0.9% -2.6% -14.7% 47.4% 65.6% Annual change sales rate 4.9% 4.3% 15.6% 3.3% 14.7% Annual change under contract 21.5% -2.7% 13.7% 10.2% -19.2% Listing success rate 70.3% 76.1% 80.2% 68.7% 69.0% Monthly dollar volume $41M $55M $58M $39M $34M Annual dollar volume $559M $558M $560M $528M $478M Average price (monthly sales) $574,870 $659,479 $599,972 $576,825 $568,648 Average price (annual sales) $609,108 $609,366 $611,083 $611,477 $584,686 Median price (monthly sales) $530,000 $530,000 $545,000 $510,000 $552,000 Median price (annual sales) $540,000 $540,000 $545,000 $549,450 $540,000 Average SF (monthly sales) 1,829 1,990 1,977 1,917 1,926 Average SF (annual sales) 1,971 1,978 1,996 1,981 1,947 Contract ratio 35.1 32.6 54.8 28.6 38.3 Cromford® Supply Index 88.1 82.3 77.1 87.4 56.8 Cromford® Demand Index 80.7 81.6 104.3 72.7 58.9 Cromford® Market Index (CMI) 91.6 99.2 135.3 83.2 103.7
Note: “months of supply” reported excluding UCB/CCBS inventory.
Disclaimer (method): This post uses the Cromford® Daily Market Snapshot for Tempe single-family detached homes, comparing 8/6/26 7/6/26
