Tempe Land

Tempe Land Market Highlights

As of Nov 11, 2025, the land market in Tempe has exhibited notable changes that reflect current market dynamics.

• Currently, the number of active listings stands at 14, rising from just 10 three months ago.
• This increase in listings has led to higher months of inventory, now at 13.0, contrasting sharply with historical data.
• Despite the availability of more options for buyers, the average price for active listings has climbed to $1,037,282, a significant increase compared to the previous average of $932,200.

An In-Depth Look at the Tempe Land Market

The land market in Tempe, as of Nov 11, 2025, shows several trends that illustrate shifting conditions for both buyers and sellers.

• The increase in active listings to 14, up from 10 three months ago, has brought some attention back to this segment of the market.
• These listings are now experiencing a considerable increase in months of inventory, currently at 13.0, reflecting a higher-than-normal supply relative to current sales activity. This metric was only 3.0 months during the same period last year and suggests a change in buyer demand and preference.
• Interestingly, the average price for active listings has seen a sharp rise from $932,200 three months ago to $1,037,282 today, indicating sellers may be leveraging the increased interest to gain better offers.
• Moreover, the average price per square foot for these active listings is $49, compared to an average of $56 three months ago—illustrating a mixed reaction in pricing amidst shifting supply levels.
• On the other hand, the sold listings have decreased significantly, as there have been no sales recorded in the recent period, possibly reflecting a pause or caution on the part of buyers waiting for better pricing amidst higher inventory levels.
• It's also noteworthy that the average days on market (DOM) for active listings have lengthened, recorded at 184 days, compared to 179 days just three months prior. This suggests that properties are taking longer to find buyers—potentially due to the rising prices and changing inventory dynamics.
• In conclusion, while the number of available properties has increased, this growing inventory has not yet translated into a robust sales environment, which poses unique opportunities and challenges for both buyers and sellers navigating the Tempe land market.