Published: • Data as of: • Compared to: • Coverage: Tempe, AZ (city-level) • Source: Cromford® Daily Market Snapshot (Single Family Detached)
Tempe • Arizona • Market Updates
Tempe Housing Market March 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 , Tempe is a seller's market with real buyer negotiation room: 2.6 months of supply (excluding UCB/CCBS), median monthly sold price $578,000, days on market (sold) 68 days,
and an average sale-to-list of 97.22%.
What this means
- Negotiation: Homes are selling for about 97.22% of list price on average - roughly 2.8% under asking. That gap narrows fast on well-priced homes.
- How much is for sale: Inventory sits at 2.6 months (excluding UCB/CCBS). That's tight - still seller territory, and meaningfully less than last month's 3.2.
- How long it takes: Recently-sold homes averaged 68 days on market; active listings average 66 days. The numbers are close, which means what's priced right is actually moving.
- Pricing reality ($/SF): Monthly sold $/SF is $306.54 while active list $/SF is $332.93. That spread is where price adjustments happen - use it in your conversations.
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: March brought a noticeable shift in momentum. Sales per month jumped from 58 to 77 - a 33% single-month surge - and the annual sales rate is up 16.3% year-over-year. Median sold price climbed from $547,500 to $578,000, and inventory tightened back down to 2.6 months after sitting at 3.2 in February. The Cromford® Market Index moved up to 127.5, the highest it's been since tracking this series, signaling continued seller advantage heading into spring.
Median sold price (monthly sales)
$578,000 UP ($547,500 → $578,000)
Inventory (months of supply, excl. UCB)
2.6 mo TIGHTER (3.2 → 2.6)
Speed (DOM, sold)
68 days SLOWER (67 → 68)
Negotiation (avg sale price % of list)
97.22% STRONGER (96.31% → 97.22%)
Market call
Market: SELLER'S MARKET - INVENTORY IS TIGHT
Seller's market because Cromford® Market Index is 127.5 (anything over 100 favors sellers). Supply at 2.6 months (excluding UCB/CCBS) is firmly below the 3-month threshold most agents use as the neutral zone. That said, sale-to-list of 97.22% means buyers still get a little room - it's not a bidding war market across the board, but it's tight.
Quick pulse vs last month ( → ):
active listings 232 → 249, pending 48 → 57,
under contract 94 → 107, and sales/month 58 → 77.
Pricing per sq ft: Active list $/SF $335.75 → $332.93; Monthly sold $/SF $300.85 → $306.54; Under contract $/SF $320.53 → $342.69.
The under-contract number jumping to $342.69 is worth watching - it suggests what's going into contract right now is priced higher than what closed last month.
Buyer standings - March 2026 (what to do)
Hey, this is a lot of information but you don't have to absorb it all at once. Here's what matters for buyers right now.
- Inventory is tight but not zero: At 2.6 months of supply, you have options - just not unlimited ones. The best homes still move.
- Negotiation still exists: Sale-to-list is 97.22% - about 2.8% under ask on average. That's real money on a $578K home.
- Use the $/SF spread: Active listings are asking $332.93/sf while homes are actually closing at $306.54/sf. When a list price is way above closed comps on a per-foot basis, that's your leverage point.
- Spring is real: CMI at 127.5 and sales/month up 33% in one month tells you demand is back. Don't assume you'll have more time than you do on a home you love.
Seller standings - March 2026 (what matters)
- The market moved your direction: CMI at 127.5, inventory tightened, sales surged. This is one of the better Tempe windows for sellers in the past two years.
- Buyers are still human: Sale-to-list is 97.22% - strong, but not multiple-offers-on-everything. Price it right and it sells; stretch it and it sits.
- Price to the closing market: Buyers are closing around $306.54/sf (monthly sold). Active listings are asking $332.93/sf. The gap between those two numbers is where deals fall apart.
- Listing success rate is 86.5%: That means roughly 1 in 7 listings didn't sell. Photos, pricing, prep, and access are still the difference between the 86.5% and the rest.
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's 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 2.6 months of supply (excluding UCB/CCBS) as of .
Are buyers negotiating in Tempe?
A little - average sale-to-list is 97.22% as of , meaning most homes sell about 2.8% under list.
Is Tempe a buyer's market right now?
No - Cromford® Market Index is 127.5 as of , which puts Tempe firmly in seller territory.
What is the median home price in Tempe right now?
The median sold price for single-family detached homes in March 2026 is $578,000, up from $547,500 the prior month and $566,000 a year ago.
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 () | Last month () | Last quarter () | Last year () | 2 years ago () |
|---|
| Active listings | 249 | 232 | 185 | 234 | 136 |
| UCB & CCBS listings | 50 | 46 | 32 | 46 | 29 |
| Active listings excl. UCB | 199 | 186 | 153 | 188 | 107 |
| Pending listings | 57 | 48 | 29 | 37 | 55 |
| Listings under contract | 107 | 94 | 61 | 83 | 84 |
| Sales per month | 77 | 58 | 74 | 75 | 76 |
| Sales per year | 875 | 864 | 880 | 859 | 797 |
| Days on market (sold) | 68 | 67 | 75 | 59 | 58 |
| Days on market (active) | 66 | 74 | 96 | 66 | 97 |
| Days inventory excl. UCB | 83 | 79 | 64 | 80 | 49 |
| Months of supply (excl. UCB) | 2.6 | 3.2 | 2.1 | 2.5 | 1.4 |
| Active listings $/SF | $332.93 | $335.75 | $344.75 | $334.90 | $326.14 |
| Under contract $/SF | $342.69 | $320.53 | $305.94 | $325.89 | $306.47 |
| Monthly sales $/SF | $306.54 | $300.85 | $330.88 | $313.54 | $307.80 |
| Annual sales $/SF | $306.70 | $307.52 | $307.79 | $306.32 | $296.49 |
| Avg sale price % of list | 97.22% | 96.31% | 96.53% | 97.55% | 97.98% |
| Annual change supply | 5.9% | 12.7% | 7.7% | 75.7% | 3.9% |
| Annual change sales rate | 16.3% | -12.5% | 1.0% | -6.5% | 27.8% |
| Annual change under contract | 28.9% | 16.0% | -11.6% | -1.2% | -2.3% |
| Listing success rate | 86.5% | 75.3% | 64.9% | 79.8% | 85.4% |
| Monthly dollar volume | $51M | $33M | $51M | $47M | $43M |
| Annual dollar volume | $533M | $524M | $538M | $519M | $456M |
| Average price (monthly sales) | $667,279 | $577,465 | $689,694 | $632,708 | $559,622 |
| Average price (annual sales) | $609,313 | $606,240 | $611,581 | $603,655 | $572,722 |
| Median price (monthly sales) | $578,000 | $547,500 | $545,000 | $566,000 | $500,250 |
| Median price (annual sales) | $545,000 | $545,000 | $547,750 | $547,000 | $520,000 |
| Average SF (monthly sales) | 2,177 | 1,919 | 2,084 | 2,018 | 1,818 |
| Average SF (annual sales) | 1,987 | 1,971 | 1,987 | 1,971 | 1,932 |
| Contract ratio | 53.8 | 50.5 | 39.9 | 44.1 | 78.5 |
| Cromford® Supply Index | 72.0 | 67.6 | 65.2 | 66.7 | 43.2 |
| Cromford® Demand Index | 91.8 | 78.3 | 80.0 | 74.5 | 65.0 |
| Cromford® Market Index (CMI) | 127.5 | 115.9 | 122.7 | 111.6 | 150.5 |
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 against the same-day snapshot from (and prior periods where shown). Numbers can shift as listings status-change and sales record.
Verify current conditions for time-sensitive pricing or offer decisions.
