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Short Sale Listings in Tempe, AZ

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Tempe, AZ Foreclosures

How much do homes sell for in Tempe, AZ?
The average home price is currently $564,014.
In Tempe, AZ, how many homes are available?
There are currently 27 active home listings available in Tempe.
What’s the average rental cost in Tempe, AZ?
The average rental price in Tempe is $1,587.
What is the most expensive home in Tempe?
The most expensive home sold in Tempe had a price of $237,595,296.
What is currently the cheapest priced home in Tempe, AZ?
The cheapest home for sale in Tempe is priced at $37,485.

Living in Tempe, AZ

Tempe, Arizona is a vibrant and lively city known for its beautiful parks, expansive shopping areas, and a thriving cultural scene. Home to Arizona State University, Tempe offers a mix of youthful energy combined with a rich history. With its sunny weather, residents enjoy a variety of outdoor activities year-round, making it a perfect place for those who love an active lifestyle.

Current Market Conditions in Tempe, AZ

The real estate market in Tempe is currently experiencing a surge in demand, driven primarily by the influx of students and young professionals drawn to the university and its vibrant job market. This has led to increased property values, with homes appreciating steadily over the past year. Compared to other cities in the Phoenix area, Tempe offers a balanced blend of affordability and investment potential, which is driving interest from both buyers and investors alike.

Recent trends indicate a competitive market with low inventory, making it challenging for first-time homebuyers to secure properties. However, with ongoing developments and new listings emerging, there are ample opportunities for those looking to invest in both residential and rental properties.

Home Value Estimator For Tempe, AZ

There are currently 41,186 real estate properties in Tempe, AZ, with a median automated valuation model (AVM) price of $445,851.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Tempe, AZ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Tempe, AZ, is $564,014.00, with the most expensive house in Tempe, AZ, topping out at $237,595,296.00 and the cheapest home in Tempe, AZ, clocking in at $37,485.00. In other words, there’s something for every potential homebuyer or savvy investor in Tempe, AZ!

Rent Prices In Tempe, AZ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Tempe, AZ, is on a rollercoaster ride. The average rent price in Tempe, AZ, is $1,587.00. Indeed, when looking to rent in Tempe, AZ, you can expect to pay as little as $600.00 or as much as $5,780.00, with the average rent median estimated to be $1,500.00. The good news is that finding an affordable and desirable property to rent in Tempe, AZ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Tempe, AZ Short Sale Listings

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