Tempe, AZ 85283 Real Estate Market Report

ZIP Code: 85283
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The real estate market in Tempe, AZ is currently characterized by a median sold price of $495,000, reflecting a stable market environment. The neighborhood has shown a modest upward trend in prices, with a median listing price of $504,500 suggesting that sellers are optimistic about achieving favorable sale outcomes. Despite this optimism, the median days on market stands at 228, indicating a slower sales velocity and potential pricing friction as buyers take their time to make decisions in a balanced market.

---

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

---

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 $495,000 indicates a stable market with modest price appreciation.

2. With a median listing price of $504,500, there is a noticeable gap suggesting potential pricing friction between seller expectations and buyer willingness.

3. The median days on market of 228 points to a slower sales velocity, which may indicate buyers are exercising caution in their purchasing decisions.

4. The median market rent of $2,815 reflects a strong rental demand, although rental prices have seen a slight decrease, suggesting a potential shift in rental market dynamics.

5. Overall market temperature is neutral, indicating a balanced buyer-seller dynamic with no significant pressure in either direction.

---

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.