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Tempe

Why you'd want to live in Tempe

What makes Tempe a great city to live in? It’s an affordable place to live within the Phoenix metro! Although the cost of living in Tempe is 2% higher than the national average, you can still find budget-friendly housing with a median home price at $219,900 and median rent at $985. Not to mention, you have access to a number of employment opportunities in the education, finance, food distribution, healthcare, and technology industries, thanks to Tempe’s growing job market and top employers like Arizona State University, State Farm, Wells Fargo, Honeywell, and Safeway! Getting around Tempe is a breeze, thanks to its many public transportation options available for residents. Take Tempe’s Valley Metro Light Rail to beat commuter traffic in the city and get to Phoenix fast. If you’re looking for a free shuttle service, hop on the Orbit Bus that connects from Downtown Tempe to nearby neighborhoods, workplaces, schools, or other local destinations. Or hop on the Tempe Streetcar to get around Downtown Tempe. And if you’re near ASU, you can take FLASH, a free shuttle service that helps riders reach campus and student housing. Located in the Salt River Valley near the northern edge of the Sonoran Desert, Tempe is known for its desert climate. The city has an average of 300 sunny days per year and average temperatures ranging from an annual low of 55 degrees and annual high of 87 degrees, making Tempe a great city for year-round weather and a delightful place to retire. You also won’t see snow in Tempe! via extraspace.com

Tempe Market Report

$595,010

AVERAGE PRICE OF 417 HOMES

$550,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,780,128

AVERAGE PRICE OF 35 MULTI-MILLION DOLLAR HOMES

$930,000

AVERAGE PRICE OF 1 NEWLY BUILT HOMES

$702,797

AVERAGE PRICE OF 123 HOMES WITH A POOL

$535,179

AVERAGE PRICE OF 27 REDUCED PRICE HOMES

Average Home

Average Price $595,010
Avg Bedrooms 2.78 beds
Avg Bathrooms 2.09 baths

Average Price by Bedrooms

1 bedroom $245,407
2 bedrooms $361,074
3 bedrooms $502,061
4 bedrooms $659,515
5 bedrooms $940,793
Tempe Home Price Trends
  4/2024 3/2024 2/2024 1/2024 12/2023
Total Listings 373 343 335 330 356
Average Price $597,817 $594,638 $599,442 $595,083 $555,388
Avg Price Change +0.53% -0.81% +0.73% +7.15% -1.78%
Median Price $524,663 $523,688 $500,245 $496,130 $492,319
Med Price Change +0.19% +4.69% +0.83% +0.77% +1.51%
Avg Bedrooms 2.78 beds 2.82 beds 2.82 beds 2.85 beds 2.79 beds
Avg Bathrooms 2.1 baths 2.07 baths 2.03 baths 2.05 baths 1.99 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Tempe High School 139 $513,445 55 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 417 $595,010 52 days
Distressed Homes 1 $550,000 4 days
Multi-Million Dollar Homes 35 $1,780,128 84 days
Newly Built Homes 1 $930,000 66 days
Homes with a Pool 123 $702,797 48 days
Reduced Price Homes 27 $535,179 50 days
My Home Group - 4salearizona
Andreas Hassepass
4554 E Paradise Village PKWY #214
Phoenix, AZ 85032
602-545-7171

© 2024 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 Dr. Andreas Hassepass - My Home Group 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. May 26, 2024
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