Photo: Hunter Trick (TrickHunter) · CC BY-SA 4.01,396 homes sold in Tempe in the last year, at a typical $481K
About one sale in 3 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Tempe homes are listed.
Every place Tempe homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Tempe.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
8% of Tempe’s sales are condos, at $239K less than a house
923 houses and 117 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 923 sold in 12 months
- Per square foot
- $301AZ $251
- Days to sell
- 53
- Sold over asking
- 13%
- Listings with a price cut
- 34%
typical sale · 117 sold in 12 months
- Per square foot
- $295AZ $279
- Days to sell
- 85
- Sold over asking
- 7%
- Listings with a price cut
- 31%
Multi-family (2–4 units): 20 sold, typical $839K
Townhouses: 336 sold, typical $339K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at twice the 2016 price
1,396 sales in the last year, against 2,555 in 2021 and a low of 1,310 in 2023. The typical sale went from $246K in 2016 to $481K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $500K buys in Tempe
Check a listing against what Tempe homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Tempe are back to pre-pandemic levels, with about as many homes for sale
We read every month of Tempe’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 1,396 sales.
If you’re buying in Tempe
- Shop in September. It brings about 185 new listings a month, close to the busiest month, with fewer bidding wars (20% over asking).
- You can negotiate. 32% of listings have cut their price, against 28% before the pandemic.
- Offer under asking. Buyers paid 97.3% of the list price on average; 11% paid over.
- You’ll usually have time. Only 25% of homes go under contract within two weeks; the typical one takes 58 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 224 a month), and the most competition: 26% close over asking. August and September offer nearly as much choice with fewer homes bid up (22%). December has the least competition (18%) but only about 111 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Arizona as a whole
| Tempe now | 2017–19 | 2021 peak | AZ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 11% | 16% | 50% | 13% |
| Gone within two weeksShare of homes under contract within 14 days | 25% | 46% | 61% | 22% |
| Listings with a price cutShare of homes for sale that cut their price | 32% | 28% | 21% | 29% |
| Price paid vs. askingAverage sale price ÷ list price | 97.3% | 98.1% | 101.3% | 97.8% |
| Days to sellMedian days from listing to contract | 58 | 39 | 28 | 67 |
442 homes for sale on a typical day
That’s 1.9 times the 2023 low (235) and about the 2017–19 level.
1 in 3 listings has cut its price
32% in the last year, against 28% in 2017–19 and 29% across Arizona.
Since 2019, houses are up 61%, condos 70%
A house typically sold for $542K in the last year (923 sales), a condo for $303K (117).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Tempe ranks 55th of 97 busy Arizona markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Tempe is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Tempe home costs about $2,701 a month
Price: Tempe’s typical sale, last 12 months. Property tax at Tempe’s 0.5% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Tempe is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 111.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $481K home, about $2,300 a year.
Taxes vs. neighborsSchools
The schools grade for Tempe, from test results, graduation and how much students grow.
Schools in TempeCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Gilbert, Mesa, Sun Lakes and Phoenix sell for less a square foot; Paradise Valley for far more
The busier markets within 25 miles of Tempe, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Phoenix | 16,177 | $457K | $278 | 15% | 60 |
| Mesa | 5,539 | $462K | $262 | 14% | 59 |
| Gilbert | 3,259 | $575K | $280 | 13% | 56 |
| Chandler | 2,907 | $529K | $288 | 12% | 54 |
| Tempe | 1,396 | $481K | $294 | 11% | 58 |
| Sun Lakes | 511 | $478K | $254 | 8% | 70 |
| Paradise Valley | 296 | $4.6M | $876 | 4% | 80 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Tempe, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Tempe. People who follow the town see it, and so do people comparing Tempe with their own town. No commission, no listing fee.
Questions about buying a home in Tempe
What do homes sell for in Tempe, AZ?
1,396 homes sold in the year to May 2026 at a typical $481K, $294 a square foot. Houses sold for about $542K, condos for about $303K.
Is Tempe a buyer’s or seller’s market?
A seller’s market: 466 homes were for sale in May 2026 and 138 sold, about 3.4 months of supply. Buyers paid 97.3% of asking on average, and 32% of listings cut their price.
When is the best time to buy in Tempe?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Tempe?
About 0.5% of a home’s value a year. On a $481K home that’s near $2,300.
Where can I see homes for sale in Tempe?
Zillow, Redfin, Realtor.com and Homes.com all carry Tempe’s MLS listings; the search links above open each one filtered to Tempe.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).