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Tempe

Why you'd want to live in Tempe

Tempe, Arizona Real Estate & Community Guide Tempe, Arizona is a vibrant and dynamic community in the East Valley, located just east of Phoenix and home to Arizona State University. Known for its youthful energy, diverse population and active lifestyle, Tempe offers a unique combination of urban amenities, outdoor recreation, education, employment and entertainment. Its central location within the Phoenix metropolitan area makes Tempe especially attractive to students, young professionals, families, investors and people looking for a more active, walkable urban environment. ?? Tempe Real Estate The Tempe real estate market offers a diverse selection of properties, including established single-family neighborhoods, townhomes, condos, apartments, investment properties and newer developments. Because of its location and connection to ASU, Tempe has a particularly diverse housing market. Buyers may be looking for a traditional family home, a low-maintenance condo, an investment property or a home close to work, school and entertainment. For homeowners considering selling, understanding Tempe home values, recent comparable sales, inventory, buyer demand and neighborhood-specific market trends is important when developing the right pricing and marketing strategy. ?? Tempe Town Lake & Outdoor Recreation One of Tempe's most recognizable destinations is Tempe Town Lake, where residents and visitors can enjoy walking, biking, kayaking, paddleboarding and other outdoor activities. The city also offers numerous parks, trails and recreational areas, making it easy to enjoy Arizona's outdoor lifestyle. Tempe's extensive bike infrastructure and relatively compact layout make cycling another popular way to get around the community. ?? ASU, Culture & Entertainment Arizona State University plays a major role in Tempe's identity. The university brings students, educators, businesses, events and cultural opportunities to the community throughout the year. Downtown Tempe is a major gathering place with many things to do.

Tempe Arizona Phoenix

Tempe Market Report

$518,795

AVERAGE PRICE OF 622 HOMES

$314,979

AVERAGE PRICE OF 5 DISTRESSED HOMES

$1,864,030

AVERAGE PRICE OF 30 MULTI-MILLION DOLLAR HOMES

$400,200

AVERAGE PRICE OF 19 NEWLY BUILT HOMES

$761,593

AVERAGE PRICE OF 140 HOMES WITH A POOL

Average Home

Average Price $518,795
Avg Bedrooms 2.96 beds
Avg Bathrooms 2.25 baths

Average Price by Bedrooms

1 bedroom $256,482
2 bedrooms $348,994
3 bedrooms $513,140
4 bedrooms $667,196
5 bedrooms $847,800
Tempe Home Price Trends
  9/2026 8/2026 7/2026 6/2026 5/2026
Total Listings n/a 583 566 n/a n/a
Average Price n/a $517,303 $525,832 n/a n/a
Avg Price Change n/a -1.65% n/a n/a n/a
Median Price n/a $463,352 $474,376 n/a n/a
Med Price Change n/a -2.38% n/a n/a n/a
Avg Bedrooms n/a 2.94 beds 2.97 beds n/a n/a
Avg Bathrooms n/a 2.21 baths 2.22 baths n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Corona Del Sol High School 46 $1,022,822 75 days
Coronado High School 14 $557,135 67 days
Marcos De Niza High School 125 $530,891 79 days
McClintock High School 158 $487,712 76 days
Tempe High School 244 $463,277 85 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 622 $518,795 80 days
Distressed Homes 5 $314,979 96 days
Multi-Million Dollar Homes 30 $1,864,030 80 days
Newly Built Homes 19 $400,200 61 days
Homes with a Pool 140 $761,593 78 days
r3homegroup | DeLex Realty
4700 S McClintock Drive #160
Tempe, AZ 85282
602-320-7547

© 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Jeff Cayton - DeLex Realty are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. October 15, 2026
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