Tempe, AZ 85282 Real Estate Market Report

ZIP Code: 85282
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of April 2026, the housing market in Tempe, AZ reflects a median sold price of $469,900, indicating a stable market with no significant fluctuations in pricing trends. The market has remained flat, suggesting a balance between buyer and seller expectations. The median days on market stands at 243, which may indicate slower sales velocity and a potential for pricing friction as properties linger longer before closing.

Inventory levels appear elevated, with a notable increase in active listings relative to sales activity. This excess supply may ease competitive pressure for buyers, creating opportunities for negotiation. Despite the stable pricing, the rental market is experiencing a slight decline, with median market rent at $2,870, reflecting a down trend year-over-year. Overall, the market temperature is assessed as neutral, suggesting a balanced environment for transactions.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

---

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

---

Key Findings

1. The median sold price of $469,900 reflects stable market conditions with no significant price fluctuations.

2. With 243 days on market, properties are experiencing slower sales velocity, indicating potential pricing friction.

3. Elevated inventory levels suggest excess supply relative to sales activity, which may provide buyers with more options and negotiation power.

4. The median market rent is $2,870, showing a down trend year-over-year, which may impact rental demand.

5. The market temperature is assessed as neutral, indicating a balanced environment for both buyers and sellers.

---

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.