Note: These charts represent the last 12-months of activity on residential real estate in Tempe.
Tempe Home Prices:
(12 Month History)
- 509900.00,489449.50,500000.00,503500.00,480000.00,455000.00,450000.00,450000.00,459500.00,465000.00,465000.00,460000.00
- 479000.00,509950.00,500000.00,468450.00,456450.00,450000.00,429950.00,475000.00,459950.00,449000.00,409000.00,440000.00
- 490000.00,515000.00,482000.00,499000.00,445000.00,475000.00,450000.00,447450.00,425000.00,448000.00,432450.00,445000.00
Information is deemed to be reliable, but is not guaranteed. © 2023
Tempe Absorption Rate:
(12 Month History)
This rate represents the number of months it would take to deplete the current inventory with no new listings. The absorption rate in a balanced market is typically between 5 – 7 months. A higher number would reflect more of a buyer’s market and a lower number a seller’s market.
- 0.61,0.72,0.97,1.26,1.82,2.17,2.12,2.15,2.09,1.84,1.76,1.74
Information is deemed to be reliable, but is not guaranteed. © 2023
Tempe Inventory:
(12 Month History)
- 127,148,194,252,355,409,387,378,352,292,267,253
- 201,228,243,304,250,212,150,135,122,85,115,125
- 185,174,196,188,139,144,141,122,89,107,96,102
Information is deemed to be reliable, but is not guaranteed. © 2023
Average Days on Market in Tempe:
(12 Month History)
This number represents the average number of days between the original listing date and the “under contract” date among the homes sold in a given month.
- 35.0,22.0,21.4,22.9,23.8,38.1,45.4,50.0,53.5,67.1,68.0,73.8
Information is deemed to be reliable, but is not guaranteed. © 2023
Tempe Volume:
(12 Month History)
- 66331511,74792362,103193893,136541423,179959538,198423399,184392006,183221709,172510723,140321126,125354661,122432972
- 99606158,124451817,131889194,155734244,118778787,101003484,71031333,69751107,60170558,36959448,53744477,64442688
- 92333765,88550947,98206950,99348145,68422968,73311251,70448137,59428037,43039844,51081221,44692289,48044624
Information is deemed to be reliable, but is not guaranteed. © 2023
Comparison of Homes Sold – List Price to Sold Price:
(12 Month History)
- 499101.43,508913.49,501055.87,528447.58,492251.57,509105.91,499632.18,487115.06,483593.75,477394.59,465544.68,471025.73
- 507640.94,522480.16,513788.09,530389.63,488679.85,495684.88,484689.88,475346.43,464267.80,456733.79,449203.41,458195.56
Information is deemed to be reliable, but is not guaranteed. © 2023
Sale to List Price Ratio:
(12 Month History)
This ratio represents the average percentage of the list price that sellers accepted in a given month.
- 102.4,102.7,102.5,100.9,99.5,97.2,97.3,97.7,96.0,96.3,96.3,97.2
Information is deemed to be reliable, but is not guaranteed. © 2023