Published : July 8, 2026 Data as of : July 2, 2026 Compared to : June 2, 2026 Coverage : Tempe, AZ (city-level) • Source : Cromford® Daily Market Snapshot (Single Family Detached)
Tempe • Arizona • Market Updates
Tempe Housing Market July 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 July 2, 2026 balanced market where demand keeps cooling : 2.4 months of supply (excluding UCB/CCBS), median monthly sold price $523,000 , days on market (sold) 59 days, and an average sale-to-list of 96.88% .
What this means Negotiation: Homes are selling for about 96.88% of list price on average – roughly 3.1% under asking. That widened from last month’s 2.0% under, so buyers gained real room at the table.How much is for sale: Inventory is 2.4 months (excluding UCB/CCBS), about even with 2.3 last month – selection is steady, and looser than the spring.How long it takes: Recently sold homes averaged 59 days on market, up from 53; active listings average 72 days . Well-priced homes are still moving.Pricing reality ($/SF): Monthly sold $/SF is $333.35 while active list $/SF is $327.93 . Sold per-foot is running above asking per-foot this month – an unusual read driven by which homes closed. This is a rolling snapshot (today vs the same date last month ) so buyers and sellers can see 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: The Cromford® Market Index fell from 118.4 to 100.4 on this snapshot’s month-over-month basis – an 18-point drop that puts Tempe at the bottom edge of balanced, barely above 100. The move was demand-led: the Demand Index dropped from 95.8 to 82.3 while the Supply Index barely moved (80.9 to 82.0). On the ground, sales per month eased from 96 to 91 , pending slipped from 40 to 38 , and under-contract dropped from 87 to 76 – fewer buyers in the pipeline. Pricing sent mixed signals: the median sold price fell from $570,000 to $523,000 , yet monthly sold $/SF jumped from $303.25 to $333.35 and the average sale rose to $685,242 , with larger homes closing (1,927 to 2,056 SF). That combination says a handful of large, expensive closings pulled the per-foot and average numbers up while the middle of the market sold cheaper – composition, not a single clean trend. Sale-to-list eased to 96.88% from 97.98%. Tempe is a small market, so read one month as a signal, not a verdict.
Median sold price (monthly sales)
$523,000 DOWN ($560,000 → $523,000)
Inventory (months of supply, excl. UCB)
2.4 mo FLAT (2.3 → 2.4)
Speed (DOM, sold)
59 days SLOWER (53 → 59)
Negotiation (avg sale price % of list)
96.88% SOFTER (97.98% → 96.88%)
Market call Market: BALANCED – DEMAND IS COOLING
Balanced because the Cromford® Market Index is 100.4 – the bottom edge of the 90-to-109 range where neither side holds a clear edge. It fell from 118.4 on this snapshot’s month-over-month basis, and the move came from the demand side: the Demand Index dropped from 95.8 to 82.3 while the Supply Index barely moved (80.9 to 82.0). Sale-to-list of 96.88% means buyers are getting about 3.1% under ask – noticeably more room than last month. Supply held at 2.4 months (excluding UCB/CCBS) while sales, pending, and under-contract all eased – fewer homes selling and fewer buyers in the pipeline at once. Tempe is a small market, so monthly counts swing; treat this as a signal, not a verdict.
Quick pulse vs last month (6/2 → 7/2 264 → 256 , pending 40 → 38 ,
under contract 87 → 76 , and sales/month 96 → 91 .
Pricing per sq ft: Active list $/SF $320.03 → $327.93 ; Monthly sold $/SF $303.25 → $333.35 ; Under contract $/SF $343.97 → $321.56 .
Sold per-foot jumped on large closings while under-contract per-foot eased – the homes going under contract now are running cheaper per foot than what just closed.
Buyer standings – July 2026 (what to do) Here is the buyer takeaway for July 2026.
The market stayed tipped your way: The CMI is 100.4 , down from 118.4 – Tempe is balanced, and demand cooled again (Demand Index 95.8 to 82.3). Fewer buyers are competing with you.You gained negotiating room: Sale-to-list eased to 96.88% from 97.98% – about 3.1% under ask on average, the widest gap in this table. Reasonable offers are landing.Watch the under-contract signal: Homes going under contract are at $321.56/sf , down from $343.97 – the buyers writing offers right now are paying less per foot than last month’s. Anchor to that number, not the $333.35 sold figure that big closings skewed.But do not expect falling prices across the board: Supply is still just 2.4 months and well-priced homes move in about 59 days . The median dip to $523,000 reflects which homes closed – not a broad decline.Seller standings – July 2026 (what matters) The cushion is gone: CMI fell to 100.4 – Tempe sits at the bottom edge of balanced. Leverage is roughly even now; pricing precision decides outcomes.The pipeline thinned: Sales eased 96 → 91 , pending 40 → 38 , and under contract 87 → 76 . Fewer buyers are writing offers, so the first two weeks of a listing carry more weight.Read the pricing signals as a pair: Monthly sold $/SF jumped to $333.35 on large closings while the median fell to $523,000 and under-contract $/SF eased to $321.56 . Your home’s value is what closed comps for your size and area say – not the headline numbers in either direction.Buyers are negotiating harder: Sale-to-list fell to 96.88% from 97.98% – about 3.1% under ask on average. The listing success rate held at 79.1% , so homes are still selling – but expect more back-and-forth at the table.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.
It is built 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, and $/SF = price per square foot.
What is Tempe’s inventory right now?
About 2.4 months of supply (excluding UCB/CCBS) as of 7/2/26
Are buyers negotiating in Tempe?
Yes, more than last month – average sale-to-list is 96.88% as of 7/2/26
Is Tempe a buyer’s market right now?
Not quite – the Cromford® Market Index is 100.4 as of 7/2/26
What is the median home price in Tempe right now?
The median sold price for single-family detached homes was $523,000 in the July 2026 snapshot (monthly sales), down from $560,000 the prior month. The drop reflects which homes closed – monthly sold $/SF actually rose to $333.35 – more than a broad decline. The annual median is $540,000.
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 (7/2/26 ) Last month (6/2/26 ) Last quarter (4/2/26 ) Last year (7/2/25 ) 2 years ago (7/2/24 ) Active listings 256 264 238 261 175 UCB & CCBS listings 38 47 49 34 32 Active listings excl. UCB 218 217 189 227 143 Pending listings 38 40 54 41 33 Listings under contract 76 87 103 75 65 Sales per month 91 96 99 90 84 Sales per year 910 905 898 863 812 Days on market (sold) 59 53 62 66 37 Days on market (active) 72 70 70 70 59 Days inventory excl. UCB 88 88 77 96 64 Months of supply (excl. UCB) 2.4 2.3 1.9 2.5 1.7 Active listings $/SF $327.93 $320.03 $332.01 $328.59 $329.91 Under contract $/SF $321.56 $343.97 $338.91 $310.88 $314.91 Monthly sales $/SF $333.35 $303.25 $314.37 $306.23 $311.57 Annual sales $/SF $307.74 $305.07 $306.69 $308.49 $302.39 Appreciation – monthly $/SF 8.9% -2.5% -1.1% -1.7% 9.0% Appreciation – annual $/SF -0.2% -1.3% -0.3% 2.0% 5.5% Appreciation – monthly median -4.0% -6.7% 3.8% 1.2% 4.6% Appreciation – annual median -1.8% -1.8% -0.6% 2.6% 6.1% Avg sale price % of list 96.88% 97.98% 97.69% 96.84% 98.27% Annual change supply -4.0% -12.5% -6.0% 58.7% 47.4% Annual change sales rate 2.2% 12.6% 28.5% -3.0% 19.6% Annual change under contract 1.3% 8.8% 15.7% 15.4% 6.6% Listing success rate 79.1% 79.3% 86.8% 72.6% 84.8% Monthly dollar volume $62M $56M $64M $55M $48M Annual dollar volume $554M $545M $546M $528M $477M Average price (monthly sales) $685,242 $584,428 $642,330 $613,469 $574,550 Average price (annual sales) $608,957 $602,040 $608,510 $611,712 $587,701 Median price (monthly sales) $523,000 $560,000 $571,000 $545,000 $538,500 Median price (annual sales) $540,000 $540,000 $545,000 $550,000 $536,000 Average SF (monthly sales) 2,056 1,927 2,043 2,003 1,844 Average SF (annual sales) 1,979 1,973 1,984 1,983 1,944 Contract ratio 34.9 40.1 54.5 33.0 45.5 Cromford® Supply Index 82.0 80.9 73.8 91.6 52.8 Cromford® Demand Index 82.3 95.8 95.0 79.7 70.8 Cromford® Market Index (CMI) 100.4 118.4 128.7 87.0 134.2
Note: “months of supply” is reported excluding UCB/CCBS inventory.
Disclaimer (method): This post uses the Cromford® Daily Market Snapshot for Tempe single-family detached homes,
comparing 7/2/26 6/2/26
