Published : June 27, 2026 Data as of : June 25, 2026 Compared to : May 25, 2026 Coverage : Tempe, AZ (city-level) • Source : Cromford® Daily Market Snapshot (Single Family Detached)
Tempe • Arizona • Market Updates
Tempe Housing Market June 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 June 25, 2026 balanced market where demand has cooled and supply loosened : 2.5 months of supply (excluding UCB/CCBS), median monthly sold price $535,000 , days on market (sold) 54 days, and an average sale-to-list of 98.25% .
What this means Negotiation: Homes are selling for about 98.25% of list price on average - roughly 1.8% under asking. That firmed from last month's 2.0% under, so the homes that close are closing a touch tighter.How much is for sale: Inventory rose to 2.5 months (excluding UCB/CCBS) from 2.1 last month - more selection than a month ago, and a clear loosening from the spring.How long it takes: Recently sold homes averaged 54 days on market, about flat with last month; active listings average 74 days . Well-priced homes are still moving.Pricing reality ($/SF): Monthly sold $/SF is $311.13 while active list $/SF is $328.80 . That roughly $18/SF spread is the negotiation zone. 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: This is a big-shift month. The Cromford® Market Index fell from 123.8 to 102.6 - a 21-point drop that pushes Tempe out of seller territory and into a balanced market. The move was demand-led: the Demand Index dropped from 98.9 to 83.9 while the Supply Index barely moved (79.9 to 81.8). On the ground, sales per month fell from 102 to 83 , pending listings slipped from 44 to 39 , and under-contract dropped from 88 to 84 - fewer buyers writing offers. The median sold price eased from $570,000 to $535,000 , but that is a mix story: the average sale rose to $616,500 and monthly sold $/SF actually firmed from $306.70 to $311.13 , with slightly larger homes closing (1,932 to 1,981 SF). Supply loosened to 2.5 months and sale-to-list firmed to 98.25% . Tempe is a small market, so read one month as a signal, not a verdict - but the seller cushion that was here a month ago has narrowed to roughly even.
Median sold price (monthly sales)
$535,000 DOWN ($570,000 → $535,000)
Inventory (months of supply, excl. UCB)
2.5 mo MORE SUPPLY (2.1 → 2.5)
Speed (DOM, sold)
54 days FLAT (53 → 54)
Negotiation (avg sale price % of list)
98.25% STRONGER (98.00% → 98.25%)
Market call Market: BALANCED - DEMAND IS COOLING
Balanced because the Cromford® Market Index is 102.6 - in the 90-to-109 range where neither side holds a clear edge. It fell sharply from 123.8 last month, dropping Tempe out of seller territory, and the move came from the demand side: the Demand Index dropped from 98.9 to 83.9 while the Supply Index barely moved (79.9 to 81.8). Sale-to-list of 98.25% means buyers are getting about 1.8% under ask - a touch tighter than last month. Supply loosened to 2.5 months (excluding UCB/CCBS) while sales, pending, and under-contract all fell - 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 (5/25 → 6/25 257 → 252 , pending 44 → 39 ,
under contract 88 → 84 , and sales/month 102 → 83 .
Pricing per sq ft: Active list $/SF $321.17 → $328.80 ; Monthly sold $/SF $306.70 → $311.13 ; Under contract $/SF $336.63 → $348.48 .
All three per-foot measures firmed even as the median eased - the median dip reflects which homes sold, not a per-foot decline.
Buyer standings - June 2026 (what to do) Here is the buyer takeaway for June 2026.
The market tipped your way: The CMI fell 21 points to 102.6 - Tempe is balanced now, not seller-leaning. Demand cooled (Demand Index 98.9 to 83.9), so there are fewer buyers competing with you.A little more selection: Supply rose to 2.5 months from 2.1, and sales slowed from 102 to 83. You have more time and more choices than a month ago.Use the $/SF spread: Active listings are asking $328.80/sf while homes are closing at $311.13/sf - about an $18 gap. That is your leverage point when a seller prices above closed comps.But pricing has not dropped: Monthly sold $/SF firmed to $311.13 and sale-to-list tightened to 98.25% . The median dip is about which homes sold, not falling values - well-priced homes still move in about 54 days .Seller standings - June 2026 (what matters) The cushion narrowed: CMI fell from 123.8 to 102.6 - Tempe slipped from seller territory to balanced. Leverage is roughly even now; pricing precision decides outcomes.The pipeline thinned: Sales fell 102 → 83 , pending 44 → 39 , and under contract 88 → 84 . Fewer buyers are writing offers, so the first two weeks of a listing carry more weight.Per-foot pricing held up: Monthly sold $/SF rose to $311.13 and sale-to-list firmed to 98.25% . Your home's value is what closed comps say - the headline median fell on mix, not a market-wide drop.Listing success rate is 79.0%: Down from 82.3% last month - about 1 in 5 listings did not sell. Photos, prep, pricing, and access separate the listings that close from the ones that expire.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 2.5 months of supply (excluding UCB/CCBS) as of 6/25/26
Are buyers negotiating in Tempe?
A little - average sale-to-list is 98.25% as of 6/25/26
Is Tempe a buyer's market right now?
Not quite - the Cromford® Market Index is 102.6 as of 6/25/26
What is the median home price in Tempe right now?
The median sold price for single-family detached homes was $535,000 in the June 2026 snapshot (monthly sales), down from $570,000 the prior month. The drop is largely a mix effect - monthly sold $/SF actually rose to $311.13 - so it reflects which homes closed 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 (6/25/26 ) Last month (5/25/26 ) Last quarter (3/25/26 ) Last year (6/25/25 ) 2 years ago (6/25/24 ) Active listings 252 257 247 277 182 UCB & CCBS listings 45 44 47 47 41 Active listings excl. UCB 207 213 200 230 141 Pending listings 39 44 59 49 36 Listings under contract 84 88 106 96 77 Sales per month 83 102 82 78 84 Sales per year 922 917 882 847 804 Days on market (sold) 54 53 67 67 35 Days on market (active) 74 70 67 73 55 Days inventory excl. UCB 82 85 83 99 64 Months of supply (excl. UCB) 2.5 2.1 2.4 2.9 1.7 Active listings $/SF $328.80 $321.17 $334.23 $329.41 $330.81 Under contract $/SF $348.48 $336.63 $338.54 $315.31 $321.29 Monthly sales $/SF $311.13 $306.70 $312.08 $307.50 $304.35 Annual sales $/SF $305.84 $305.50 $306.56 $309.13 $301.50 Appreciation - monthly $/SF 1.2% -1.0% -2.2% 1.0% 5.1% Appreciation - annual $/SF -1.1% -1.1% -0.2% 2.5% 5.1% Appreciation - monthly median -1.7% -3.7% 3.1% -0.4% 6.1% Appreciation - annual median -1.8% -1.8% -0.7% 2.8% 5.9% Avg sale price % of list 98.25% 98.00% 97.45% 97.53% 97.94% Annual change supply -10.0% -9.7% 7.0% 63.1% 54.9% Annual change sales rate 4.7% 17.6% 15.7% -12.7% 9.8% Annual change under contract -12.5% -7.4% 29.3% 24.7% 24.2% Listing success rate 79.0% 82.3% 88.2% 75.7% 80.0% Monthly dollar volume $51M $60M $55M $48M $48M Annual dollar volume $556M $553M $537M $517M $472M Average price (monthly sales) $616,500 $592,500 $672,241 $614,234 $576,901 Average price (annual sales) $603,488 $603,225 $608,299 $610,315 $586,909 Median price (monthly sales) $535,000 $570,000 $585,000 $600,000 $545,000 Median price (annual sales) $540,000 $540,000 $545,000 $550,000 $535,000 Average SF (monthly sales) 1,981 1,932 2,154 1,997 1,896 Average SF (annual sales) 1,974 1,975 1,984 1,966 1,944 Contract ratio 40.6 41.3 53.0 41.7 54.6 Cromford® Supply Index 81.8 79.9 72.2 91.9 51.2 Cromford® Demand Index 83.9 98.9 92.2 80.2 72.4 Cromford® Market Index (CMI) 102.6 123.8 127.7 87.3 141.6
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 6/25/26 5/25/26
