Market Intelligence · AZ / Tempe

Tempe, AZ 85281 Housing Market

In Tempe's 85281 ZIP code, the typical home value is $398,614, down 3.1% over the past year. The median list price is $452,500, and homes are taking a median of 61 days on market as of June 2026.

Updated June 2026Median value$399K

The median home value in Tempe, AZ 85281 is $399K as of June 2026, down 3.1% 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

$367K to $431K

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

-3.1% over 12 months

Typical home value in 85281 over the last 12 months: $411K in Jun 2025 to $399K in Jun 2026 (-3.1%).

Jun 2025$411K

Jun 2026$399K

The numbers

What is the 85281 housing market like?

Typical home value

$399K

Down3.1%YoY

Median list price

$453K

Days on market

61

Flat0.0%MoM

Homes for sale

110

Price cuts

28.0%

New listings

40

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

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The comparison

How do 85281 home prices compare?

  • 85281$398,614
  • Tempe$460,728
  • Arizona$393,310
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Tempe: 4 ZIPs; Arizona: 300 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 110 homes for sale in 85281, with 40 new listings added recently. The median list price sits at $452,500, while the typical home value is $398,614, down 3.1% over the past year. A median of 61 days on market points to a slower pace of sales. About 28.0% of listings have had a price cut. For sellers, this is a market that rewards realistic pricing and patience rather than expecting a quick sale.

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