South Tempe Real Estate

South Tempe All Property Types Market Highlights

As of Nov 9, 2025, the residential real estate market in South Tempe reflects interesting developments and shifting dynamics.

• Active listings have increased significantly to 162, up from 130 just three months ago, indicating a growing supply in the market.
• The months of inventory currently stands at 2.9, remaining at levels that favor sellers.
• Meanwhile, average sold prices experienced a slight decline to $498,425, down from $499,453 three months ago, suggesting a stabilization in buyer expectations.
• The average days on market (DOM) for sold listings remains stable at 52 days, reflecting a consistent pace in sales activity.

An In-Depth Look at the South Tempe All Property Types Market

Currently, the South Tempe residential real estate market exhibits notable trends that may impact both buyers and sellers in distinct ways.

• Over the past three months, the number of Active listings has climbed to 162, an increase of 32 listings compared to 130 three months ago. This uptick suggests that sellers are becoming more active in listing their properties, which may provide buyers with more options.
• As a result, the months of inventory remains at a low 2.9 months, indicating a strong sellers' market, where demand outpaces supply, yet less intensively than in previous periods. For context, this metric was higher at 3.1 months six months ago, implying a slight shift toward greater competition among buyers.
• On the pricing front, the average Sold price currently sits at $498,425, a very modest decrease from $499,453 three months ago, with sold properties achieving approximately 93% of their original list prices. This suggests that while buyers are finding some negotiating power, properties are still attracting serious interest relative to their asking prices.
• The average DOM for sold listings remains steady at 52 days, a figure reflective of ongoing stable market dynamics, providing insight into the time frame sellers can expect before closing a sale. Interestingly, the stability in DOM has held firm compared to the 53 days noted three months ago, which may indicate a gradual adjustment process for buyers familiarizing themselves with current price trends.
• An additional insight reveals a slight fluctuation in the average price per square foot, which currently rests at $257 for sold listings compared to the $280 seen three months prior. This trend might suggest a buyer’s shift towards more moderately-priced properties, affecting overall sales strategies in this neighborhood.
• For buyers and sellers alike, understanding these metrics can provide valuable context. Buyers can leverage the expanded active listings, while sellers may consider strategic pricing in light of the recent downward pressure on sold prices. With continued vigilance on pricing and market conditions, both parties can navigate the ongoing dynamics of the South Tempe market effectively.