Tempe, AZ Foreclosures
How much do homes sell for in Tempe, AZ?
The average home price is currently $560,152.
In Tempe, AZ, how many homes are available?
There are currently 549 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 $236,287,784.
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, boasts a lively and diverse atmosphere, heavily influenced by the presence of Arizona State University. Residents enjoy a variety of outdoor activities, with ample parks, trails, and lakes nearby. The city offers a rich cultural scene with numerous dining, shopping, and entertainment options, making it a desirable place to live and work.
Current Market Conditions in Tempe, AZ
The real estate market in Tempe, AZ, remains competitive, driven by the high demand for housing due to its proximity to ASU and a strong job market. Many buyers are looking for single-family homes, condos, and townhouses, which has led to steady price appreciation over recent years.
Current trend indicators show a 5% increase in home prices year-over-year, with an ongoing decline in the number of available listings. Inventory is tight, and properties are selling quickly, often above the asking price, particularly those near amenities and schools.
Home Value Estimator For Tempe, AZ
There are currently 41,198 real estate properties
in Tempe, AZ,
with a median automated valuation model (AVM) price
of $442,079.00. 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 $560,152.00, with the most expensive house
in Tempe, AZ, topping out
at $236,287,784.00 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.
Learn more on Foreclosure homes
