Tempe Multifamily

Tempe Multifamily Market Highlights

As of Nov 11, 2025, the multifamily market in Tempe is experiencing notable shifts, especially concerning inventory and pricing trends.

• The current number of active listings stands at 13, which is just down from 14 three months ago.
• Despite this slight decline in listings, the average active price has dropped to $1,257,807 from $1,414,643 three months prior.
• The average days on market (DOM) for these active properties has increased to 186 days, signaling a slower sales pace.
• With 4.7 months of inventory available, we’re witnessing a balanced market dynamic, suggesting opportunities for both buyers and sellers.

An In-Depth Look at the Tempe Multifamily Market

In-depth analysis reveals deeper currents influencing the multifamily sector in Tempe. Currently, the 13 active listings reflect minimal change from the 14 listings noted three months ago, but the average active price has seen a drop of approximately 11%, suggesting a pricing correction or the influence of less competitive properties entering the market. Historically, this segment has remained steady, with previous months averaging around 12 listings and active prices fluctuating as sharply as 18% over the last year, indicating an evolving landscape.

A closer look at the days on market (DOM) reveals that listings are taking longer to sell, with an average of 186 days, which is notably higher than the 219 days recorded three months ago. This increase in DOM usually signals a market with shifting buyer sentiment or perhaps seasonal fluctuations in demand. Furthermore, a consistent increase in DOM can impact sellers' strategies; they may need to adjust listing prices more aggressively, contributing to the average active price decline observed.

Moreover, the inventory of 4.7 months is at a delicate equilibrium. This level is indicative of a balanced market; however, it serves as a subtle reminder that while sellers retain some leverage, buyers have adequate choices to negotiate. In prior months, inventory levels were noted at 3.8 months, which underscores a trend toward stabilizing supply.

Transitioning to pending listings, there are currently 3 properties under contract, with an average price of $763,333. This marks a decline from the previous month’s active prices, reinforcing the idea that the market is moderating. Interestingly, sold listings have been nonexistent lately, a shift from 4 sales last month at an average price of $581,000. The absence of recent sales may further indicate hesitance among buyers or a transition period for properties currently listed.

Overall, current trends point to a multifamily sector that is recalibrating amid fluctuating buyer dynamics while still holding considerable opportunities for engagement. Analyzing these data points provides critical insights for both potential buyers looking to find value and sellers aiming to navigate this evolving economic landscape effectively.