Tempe Homes

Tempe Homes Market Highlights

As of Jul 10, 2025, the single family homes market in Tempe reflects a dynamic landscape that is both telling and transformative.

• Currently, active listings have risen to 234, a notable increase from 207 just three months ago, indicating a growing supply of homes.
• In terms of pricing, the average sold price stands at $611,921, pointing to a recent uptick compared to the average of $570,498 recorded three months prior.
• Days on market (DOM) for sold homes is currently at 45 days, which shows a slight decrease from 38 days three months ago, suggesting homes are selling quicker.

An In-Depth Look at the Tempe Homes Market

The Tempe single family homes market, as of Jul 10, 2025, is experiencing noteworthy shifts in both inventory levels and price dynamics.

• Active Listings: The current count of 234 active listings represents an increase from 207 three months ago, suggesting increased market availability. This contrasts sharply with a mere 123 active listings seen six months ago, indicating a robust supply response to market demand.
• Average Sold Prices: Currently, the average sold price sits at $611,921, which is up 7% compared to $570,498 recorded three months ago and up 9% from $660,750 six months prior. This incline hints at persistent buyer interest, despite the increasing inventory.
• Days on Market (DOM): An intriguing point is the decrease in DOM for sold homes from 38 days three months ago to 45 days now, which might seem counterintuitive given the increased inventory. This decrease suggests that more desirable properties, despite a higher quantity of listings, are still being priced competitively and selling faster than others.
• Months of Inventory: The current months of inventory stands at 2.6, up from 2.2 three months ago, indicating a modest rise in supply relative to demand. Historically, a figure below 4 months generally leans towards a seller's market, although rising numbers may begin to afford buyers more negotiating power.
• Price per Square Foot: The average price per square foot for sold properties has risen to $340, highlighting the desirability of this area, albeit this is a modest increase from $318 in the prior period.

In conclusion, while there is an uptick in available listings, properties continue to sell successfully at higher prices, indicating that the Tempe market remains attractive, yet potentially shifting towards a more balanced landscape as new listings grow. Moving forward, sellers may want to strategically consider pricing to enhance their competitive edge amidst rising inventory.