South Tempe Condos

South Tempe Condos Market Highlights

As of Nov 9, 2025, the condos/townhomes/patio homes market in South Tempe is currently experiencing a mix of trends that indicate a dynamic landscape for both buyers and sellers.

• The number of active listings has increased to 44, up from 33 three months ago, suggesting that more options are becoming available for prospective buyers.
• Average sold prices have decreased to $322,063, down from $337,918 three months ago, reflecting adjustments in asking prices.
• Days on Market (DOM) for sold properties is at 58 days, showing a slight persistence in property sales timelines.
• Meanwhile, months of inventory currently sit at 3.4, indicating a generally balanced market but leaning toward a seller's position due to recent increases in inventory.

An In-Depth Look at the South Tempe Condos Market

The condominium market in South Tempe, as of Nov 9, 2025, presents several indicative trends that affect both buyers and sellers. Currently, there are 44 active listings, a notable increase from 33 active listings just three months ago. This change highlights that additional inventory is entering the market, providing buyers with more choices than seen in previous months, where options hovered around the mid-30s.

The average sold price has decreased to $322,063, down from $337,918 three months prior, illustrating a concerning trend for sellers as they may need to reevaluate their pricing strategies in this fluctuating market. With the DOM for sold properties at 58 days, buyers have time to assess their options, which could indicate a slower sales process despite the increase in inventory.

Notably, the months of inventory now rests at 3.4 months, which suggests the market is not vastly favoring either buyers or sellers at this juncture, but it does tilt slightly towards sellers considering the recent uptick in listings. In a typical real estate market, 3-4 months of inventory is often regarded as balanced, striking a middle ground where neither party holds a significant negotiating edge.

Comparative analyses further reveal that as inventory levels have risen, the connection to sold prices shows a gradual depreciation. Previously, the average sold price was notably higher, with a recorded price of $385,100 six months ago, significantly highlighting the shifts taking place in buyer sentiment and market dynamics.

Additionally, understanding the months of inventory can aid in gauging market conditions. Generally, a marketplace with under four months of inventory trends towards a seller's market; however, the current data indicates a shifting stance, where various factors—including an increase in active listings and adjusted sold prices—are at play.

Looking ahead, sellers should consider these trends seriously. Implementing strategic pricing initiatives may be critical for standing out in a now more competitive and well-stocked marketplace, while buyers could benefit from an increase in selections, allowing room for negotiation as they navigate their purchasing decisions.