Tempe, AZ 85283 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

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

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

Key Findings

1. The primary indicator, median sold price, is $377,000, which represents the most reliable marker of recent market value and should be the focal point for pricing and offer strategy rather than listing prices; use recent sold comps when setting offers or listing expectations to reduce pricing friction.
2. There is a notable spread between median listing price $469,900 and the median sold price, which suggests seller expectations may be above transaction realities and could require price adjustments or longer marketing timelines to achieve sale outcomes.
3. Market velocity appears slow based on median days on market 260, which may indicate moderated liquidity and buyers can expect more negotiation leverage or contingencies should be factored into contract timeframes.
4. Interest rate pressure is elevated and price momentum shows up year-over-year for listing trends while rent is down year-over-year; given median price per square foot 278 and median market rent 1,455, investors and owner-occupiers should weigh higher financing costs against modest price appreciation and tighten underwriting and stress-test cashflow before committing.

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.