Downtown Tempe Land

Downtown Tempe Land Market Highlights

As of Nov 9, 2025, the land market in Downtown Tempe shows mixed but notable trends, illustrating evolving buyer and seller behaviors.

• The number of active listings has risen to 10, increasing from 7 just three months ago.
• Currently, the days on market (DOM) for these active listings stands at 188 days.
• In contrast, the months of inventory has reached 9.0, indicating a slower turnover rate.
• Notably, sales activity remains low, with no properties currently pending or sold in this timeframe.

An In-Depth Look at the Downtown Tempe Land Market

In a deeper examination of the market dynamics, the increase in active listings from 7 three months ago to the current 10 is a significant shift that suggests growing options for potential buyers. However, the average DOM has escalated to 188 days, reflecting the potential hesitance of buyers in this price range, leading to properties taking longer to sell. This waiting period can signal both uncertainty in buyer commitment and a careful approach from sellers regarding initial pricing.

With 9.0 months of inventory, the market is characterizing itself as relatively balanced, albeit leaning towards a slower movement, as this level of inventory indicates that it would take nearly a year to sell all current listings at the present pace. In practical terms, months of inventory above 6 generally points to a more buyer-friendly market, where there is ample choice and less urgency in closing deals.

Moreover, the absence of pending or sold properties indicates that while the market may have more listings than before, actual sales activity appears stagnant. This can imply that sellers might need to become more competitive with their pricing strategies to motivate potential buyers in a landscape where properties have more prolonged market exposure.

Additionally, to understand the historical context, comparing these metrics with previous months reveals sharp differences—6 months ago, there were only 8 active listings, but they had a DOM of just 87 days, indicating more efficient sales at that time. Such data highlights how swiftly market conditions can change and reinforces the need for adaptability among sellers in the current market landscape.

As of now, no significant upward price movements have been documented, leaving sellers to consider adjustments to pricing strategies to enhance market competitiveness. The present conditions emphasize the importance of not only keeping an eye on active listings but also understanding buyer psychology and market timing in Downtown Tempe's residential land market.