Tempe, AZ 85282 Real Estate Market Report

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

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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market-value signal is the median sold price $438,000, which anchors recent transaction activity and, combined with the median listing price $477,450, suggests a pricing gap where seller expectations may exceed realized sale prices.
2. The market shows slower sales velocity: the median days on market is 304, which, alongside a neutral market temperature, may indicate a balanced but cooling listing-to-sale cadence rather than rapid turnover.
3. Sample analysis indicates relatively constrained active supply alongside moderate transaction volume, which may support price stability even as sellers adjust expectations and buyers exercise greater selectivity.
4. Price and rent context: the median price per square foot is 264 and the median market rent is 1,599; with price year-over-year trending up, rent year-over-year trending flat, and elevated interest rate pressure—Current 30-year fixed mortgage rates in Tempe, AZ average approximately 6.5% as of June 2026—buyers face higher financing costs that could temper demand and extend listing times.

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.