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Foreclosure Homes in Tempe, AZ

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Tempe, AZ Foreclosures

Current Market Conditions in in Tempe, AZ As of April 2026?
Over the past month, Tempe’s real estate market has remained strong, with an increase in home sales compared to the previous month. This uptick is indicative of the high demand for properties in this desirable location, leading to quicker sales and some upward pressure on prices. For buyers, the slight decrease in inventory levels has made the market increasingly competitive, while sellers benefitted from a favorable selling climate, often receiving multiple offers.
How much do homes sell for in Tempe, AZ?
The average home price is currently $762,669.
In Tempe, AZ, how many homes are available?
There are currently 688 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 $236,620,784.
What is currently the cheapest priced home in Tempe, AZ?
The cheapest home for sale in Tempe is priced at $14,264.

Living in Tempe, AZ

Tempe, AZ, is an energetic city that offers a perfect mix of education, recreation, and culture. Home to Arizona State University, the area thrives with activities and events for all ages. Its beautiful parks and the scenic Tempe Town Lake provide residents with plenty of outdoor enjoyment while the bustling downtown area showcases excellent dining and shopping options.

Buyer vs Seller Market in Tempe, AZ

The real estate market in Tempe, AZ, is currently experiencing a competitive landscape with a high demand for housing. As one of the key cities in the Phoenix metropolitan area, Tempe attracts both families and students, resulting in a dynamic market that appeals to investors.

Homes in the area have seen a consistent appreciation in value, driven by the influx of new residents and the ongoing development of surrounding amenities. This trend indicates that investing in Tempe real estate can be a lucrative opportunity for those looking to enter the market, whether for personal residence or rental properties.

Home Value Estimator For Tempe, AZ

There are currently 43,362 real estate properties in Tempe, AZ, with a median automated valuation model (AVM) price of $448,334.00. 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 $762,669.00, with the most expensive house in Tempe, AZ, topping out at $236,620,784.00 and the cheapest home in Tempe, AZ, clocking in at $14,264.00. 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 Foreclosures


Market Trend for Tempe, AZ

Total Listings Available: 688

Market Values:

Home Prices from $14,264 to $236,620,784

Average Sales Price: $762,669

Rental Values:

Rental from $600 to $5,780

Average Rent Value: $1,587 / month

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