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Market Intelligence · AZ / Maricopa County

Tempe, AZ home prices and housing market

4 ZIP markets liveData updated September 2026Typical value$452K1-yr changeDown0.1%

The typical home value in Tempe, AZ is $452K as of September 2026, down 0.1% from a year ago, based on the Zillow Home Value Index. In the typical Tempe ZIP code, the median list price is $470K and homes spend a median of 57 days on market as of September 2026 (Realtor.com).

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The coverage

Tempe, by the numbers.

Typical home valueZillow ZHVI, September 2026
$452K
1-yr changeMedian across Tempe ZIPs
-0.1%
ZIP markets live8 tracked in Tempe
4
County
Maricopa County

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12-month value trend

-0.1% over 12 months

Typical home value in Tempe over the last 12 months: $452K in Sep 2025 to $452K in Sep 2026 (-0.1%).

Sep 2025$452K

Sep 2026$452K

Median Zillow home value index across Tempe's ZIP codes.

Context

Tempe's housing market is cooling modestly. The typical home value stands at $451,799, down 0.1% over the past year as of September 2026. There are 491 homes for sale with a median list price of $469,900. New listings total 132, while homes are spending a median of 57 days on market. Notably, 43.0% of listings have seen a price cut. If you're considering selling, the market is soft but not distressed, meaning you'll face some competition and may need to price competitively.

The numbers

What is the housing market like in Tempe, AZ?

Typical home value

$452K

Down0.1%YoY

Median list price

$470K

Days on market

57

Homes for sale

491

Price cuts

43.0%

New listings

132

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Tempe's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Tempe, AZ home prices over time

Typical home values in Tempe, AZ are down 0.1% over the past year, from $452K in September 2025 to $452K in September 2026.

Typical home value in Tempe, AZ, September of each year
MonthTypical value1-yr change
September 2026$451,799-0.1%
September 2025$452,213No prior year

Typical value is the median Zillow Home Value Index across Tempe ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Tempe, AZ a buyer's or seller's market?

Tempe, AZ leans toward a buyer's market.

A large share of listings have cut their asking price and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 57 days on market and 43% of listings with a price cut in the typical Tempe ZIP code, and 132 new listings against 491 active listings across Tempe, as of September 2026 (Realtor.com).

The outlook

Tempe housing market forecast 2027

-1.6%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 4 Tempe ZIP codes, points to typical home values falling 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in Tempe fell 0.1%, per the Zillow Home Value Index.

Will home prices drop in Tempe?

The forecasts point that way: a weighted average of Zillow's ZIP forecasts for Tempe shows typical home values falling 1.6% by September 2027, after a 0.1% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 4 Tempe ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Tempe?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 8 Tempe ZIP codes in total; the remaining 4 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Tempe, AZ home prices.

What is a typical home worth in Tempe?

The typical home value in Tempe is $451,799 as of September 2026, down 0.1% over the past year.

How many homes are currently for sale in Tempe?

There are 491 homes for sale in Tempe as of September 2026, with 132 new listings added recently.

How long do homes take to sell in Tempe?

The median time on market is 57 days. About 43.0% of active listings have experienced a price cut, reflecting a buyer-favorable environment.

Are home prices going up or down in Tempe, AZ?

Typical home values in Tempe, AZ are down 0.1% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Tempe, AZ a buyer's or seller's market?

Tempe, AZ leans toward a buyer's market. A large share of listings have cut their asking price and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 57 days on market and 43% of listings with a price cut in the typical Tempe ZIP code, and 132 new listings against 491 active listings across Tempe, as of September 2026 (Realtor.com).

Nearby markets

More Arizona housing markets.

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