Tempe Land

Tempe Land Market Highlights

As of Jul 18, 2025, the land market in Tempe is currently showing a blend of trends that offer both challenges and opportunities for buyers and sellers.

• The total number of active listings has increased to 13, up from 10 three months ago, suggesting heightened listing activity.
• Notably, the average price per square foot for active listings has risen to $51, contrasting with $43 three months prior.
• However, the average Days on Market (DOM) has extended to 111 days, indicating a slower sales pace.

An In-Depth Look at the Tempe Land Market

The land market in Tempe, as of Jul 18, 2025, is experiencing nuanced shifts that can impact buyer and seller strategies.

• The total number of active listings has climbed significantly to 13, a substantial increase from 10 three months ago and 6 from six months prior. This rise in inventory can provide buyers with more choices, yet the increase may also reflect an underlying hesitation among sellers to adjust their pricing in a potentially fluctuating market.
• The average price per square foot for these active listings stands at $51, which marks a notable increase from $43 in the past three months, suggesting that sellers have gained confidence in their pricing strategies amidst increasing market activity.
• However, the Days on Market (DOM), now at 111 days, has grown from 84 days three months prior, which signifies a trend of slower sales activity and can be indicative of buyers taking their time with decisions.
• Coupled with the months of inventory at 13.0, which suggests that it would take over a year to sell the available homes at the current sales pace, the market leans towards a buyer's advantage. This extended period can provide buyers with the leverage for negotiations, particularly as the market reflects a blend of increased inventory without a corresponding rise in quick sales.

In summary, both buyers and sellers should prepare for a market that, while providing more options and higher average prices, also reflects longer selling times and the need for strategic pricing and decision-making.