Home ValuePros

Market Intelligence · AZ / Tempe

Tempe, AZ 85281 Housing Market

Typical home values in Tempe's 85281 ZIP are $396,722, down 2.9% over the past year. The median list price sits at $449,950, with homes taking a median of 56 days to sell as of early July 2026.

Updated August 2026Median value$397K

The median home value in Tempe, AZ 85281 is $397K as of August 2026, down 2.9% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 85281 range

$365K to $428K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-2.9% over 12 months

Typical home value in 85281 over the last 12 months: $409K in Jul 2025 to $397K in Jul 2026 (-2.9%).

Jul 2025$409K

Jul 2026$397K

The numbers

What is the 85281 housing market like?

Typical home value

$397K

Down2.9%YoY

Median list price

$445K

Down1.1%MoM

Days on market

66

Up17.9%MoM

Homes for sale

125

Up2.5%MoM

Price cuts

30.8%

Up2.2%MoM

New listings

36

Flat0.0%MoM

Sources · Zillow ZHVI (July 2026) / Realtor.com (August 2026) / FRED (August 2026)

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The comparison

How do 85281 home prices compare?

  • 85281$396,722
  • Tempe$458,856
  • Arizona$392,647
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Tempe: 4 ZIPs; Arizona: 300 ZIPs; United States: 26,266 ZIPs).

Context

The 85281 market shows deliberate movement rather than quick sales. With 122 homes currently listed and 36 new listings that month, supply remains steady. Notably, 30.1% of current listings have seen a price cut, suggesting sellers are adjusting to soften buyer interest. The gap between typical home value and median list price indicates homes are priced above recent valuations. For sellers, this combination of slower days on market and widespread price reductions signals a buyer-favorable environment.

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