Tempe, AZ Foreclosures
How much do homes sell for in Tempe, AZ?
The average home price is currently $574,988.
In Tempe, AZ, how many homes are available?
There are currently 233 active home listings available in Tempe.
What’s the average rental cost in Tempe, AZ?
The average rental price in Tempe is $1,588.
What is the most expensive home in Tempe?
The most expensive home sold in Tempe had a price of $243,204,008.
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, AZ, is a lively city with a diverse community, excellent amenities, and a strong connection to Arizona State University. Outdoor enthusiasts enjoy beautiful parks and recreational opportunities, while the city's cultural scene thrives with events and festivals. Public transportation makes commuting easy, making Tempe an ideal place for families and young professionals alike.
Current Market Conditions in Tempe, AZ
The real estate market in Tempe is currently experiencing growth, with an increase in home values and a variety of properties available for investment. The demand for housing continues to rise due to the city's appeal among students, new families, and young professionals. As the local economy strengthens and job opportunities increase, investors can anticipate a favorable market environment.
With a mix of single-family homes, townhouses, and multifamily properties, investors have a range of options to choose from. As new developments and infrastructure improvements take shape, Tempe's attractiveness as a residential area is expected to further enhance its real estate market.
Home Value Estimator For Tempe, AZ
There are currently 41,234 real estate properties
in Tempe, AZ,
with a median automated valuation model (AVM) price
of $452,679.00. 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 $574,988.00, with the most expensive house
in Tempe, AZ, topping out
at $243,204,008.00 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 $1,588.00. 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.
Learn more on Foreclosure homes
