Market Intelligence · AZ / Tempe

Tempe, AZ 85281 Housing Market

Typical home value in Tempe 85281 is $396,722, down 2.9% over the past year. The median list price stands at $445,000, with homes staying on the market for a median of 66 days.

Updated August 2026Median value$393K

The median home value in Tempe, AZ 85281 is $393K as of August 2026, down 2.7% 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

$361K to $424K

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

-2.7% over 12 months

Typical home value in 85281 over the last 12 months: $404K in Aug 2025 to $393K in Aug 2026 (-2.7%).

Aug 2025$404K

Aug 2026$393K

The numbers

What is the 85281 housing market like?

Typical home value

$393K

Down2.7%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 (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 85281 home prices compare?

  • 85281$392,798
  • Tempe$454,408
  • Arizona$388,803
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Tempe: 4 ZIPs; Arizona: 300 ZIPs; United States: 26,265 ZIPs).

Context

The 85281 ZIP has 125 homes for sale with 36 new listings as of early August 2026. At 66 days median time on market, homes are moving at a moderate pace. The gap between typical value and median list price suggests homes are priced above recent appreciation levels. Price cuts appear on 30.8% of listings, reflecting buyer hesitation in a cooling market. Sellers should expect negotiation and longer sales timelines compared to stronger markets.

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