Tempe Housing Market Updates — Hub Page
Neighborhood Vibe Check: Why Tempe is so sought after
Tempe is one of the most compact, landlocked cities in Greater Phoenix, and that tight footprint is a big reason demand stays high. North Tempe and the ASU area (85281, 85288) feel energetic and urban with stadiums, bars, light rail, and high-rise condos. Central Tempe (85282) leans more residential with young professionals and young families in 1960s–1980s neighborhoods. South Tempe (85283, 85284) runs more affluent, with larger lots, custom homes, and some remaining farmland. Entertainment, employment centers, and freeways sit in every direction inside a small footprint.
Internal guide: Tempe Lifestyle Guide
What each monthly update includes
Price direction, months of supply, days on market, sold-to-list ratio, and what’s changing by ZIP.
Data preference: ARMLS + Cromford Report + RPR + local context.
How to read Tempe by ZIP
85281 (North Tempe / ASU & Town Lake): a mix of older bungalows, student rentals, and newer condos and townhomes close to campus, rail, and the airport.
85282 (Central Tempe): 1960s–1980s homes, block construction, and established neighborhoods that draw young professionals and families who want quick freeway access.
85283 (South Tempe north of Guadalupe): parks, greenbelts, and single-family homes that feel more suburban while still close to ASU and major employers.
85284 (South Tempe / Warner–Ray corridor): larger lots, custom and semi-custom homes, and some remaining farmland — one of Tempe’s most expensive pockets.
85288 (ASU area): included in the North Tempe / ASU market footprint on this hub.
Important: individual home prices and days on market vary per property. The home’s location within the neighborhood, updates/upgrades to the interior and exterior, lot size, lot orientation, and layout all play a critical factor.
Tempe Market Update 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/ASU, Central Tempe, and South Tempe behave differently. ZIP-level context prevents mixing student-rental and condo-heavy areas with larger-lot South Tempe neighborhoods.
- Do individual home features change days on market and pricing?
- Yes. Location within the neighborhood, updates/upgrades, lot size, lot orientation, and layout can materially change pricing and days on market even inside the same ZIP.
- Can Andrea help me buy or sell anywhere in Greater Phoenix?
- Yes! Andrea Scheppe is a Phoenix native and full-time, award-winning REALTOR® who serves Phoenix, Scottsdale, Tempe, Chandler, Gilbert, Mesa, Ahwatukee, and more.
Tempe Housing Market March 2026
February 2026 Tempe Housing Market Update
