Tempe, AZ Foreclosures
How much do homes sell for in Tempe, AZ?
The average home price is currently $567,034.
In Tempe, AZ, how many homes are available?
There are currently 691 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 $242,089,328.
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, located in the heart of the Valley of the Sun, is known for its vibrant culture, lively atmosphere, and abundant outdoor activities. With a blend of city excitement and natural beauty, Tempe offers something for everyone, from thriving shopping and dining to picturesque parks and lakes. Home to Arizona State University, the city boasts a youthful and diverse community, making it a perfect place for families, students, and professionals alike.
Current Market Conditions in Tempe, AZ
The real estate market in Tempe remains competitive, as the area continues to attract new residents due to its prime location and robust job market. Home values have steadily increased over the past year, reflecting the growing demand for housing, particularly among young professionals and families. This trend is further supported by the city's ongoing urban development projects that enhance both commercial and residential sectors.
Moreover, the rental market is seeing significant growth, driven by students and young professionals seeking proximity to Arizona State University and local amenities. With limited housing inventory, home prices are projected to continue rising, making it a favorable time for sellers, while buyers may face challenges in finding affordable housing options.
Home Value Estimator For Tempe, AZ
There are currently 41,220 real estate properties
in Tempe, AZ,
with a median automated valuation model (AVM) price
of $446,675.00. 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 $567,034.00, with the most expensive house
in Tempe, AZ, topping out
at $242,089,328.00 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
