Market Intelligence · AZ / Tempe

Tempe, AZ 85281 Housing Market

The typical home value in Tempe, AZ 85281 is $390,150, down 2.6% over the past year as of September 2026. The median list price is $439,225, and homes are spending a median of 74 days on market.

Updated September 2026Median value$390K

The median home value in Tempe, AZ 85281 is $390K as of September 2026, down 2.6% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 85281 range

$359K to $421K

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

-2.6% over 12 months

Sep 2025$401K

Low $390KHigh $401K

Sep 2026$390K

The numbers

What is the 85281 housing market like?

As of September 2026

Typical home value

$390K

2.6%YoY

Median list price

$439K

1.3%MoM

Days on market

12.1%MoM

Homes for sale

130

4.0%MoM

Price cuts

44.7%

45.4%MoM

New listings

22.2%MoM

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

The outlook

85281 housing market forecast 2027

-1.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85281 to fall 1.7% by September 2027.

Over the 12 months through September 2026, typical home values in 85281 fell 2.6%, per the Zillow Home Value Index.

Will home prices drop in 85281?

Zillow's forecast says they may: it expects typical home values in 85281 to fall 1.7% by September 2027, after a 2.6% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 85281 home prices compare?

85281$390,150
Tempe$451,799
Arizona$385,442
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Tempe: 4 ZIPs; Arizona: 300 ZIPs; United States: 26,262 ZIPs).

Context

Home values in 85281 have softened, with the typical value at $390,150 and down 2.6% over the past year as of September 2026. There are 130 homes for sale, but only 28 new listings came on in September 2026, so fresh supply is limited. Still, 44.7% of listings have taken a price cut, which points to sellers adjusting expectations. The median days on market of 74 confirms that buyers are taking their time. For a seller, pricing realistically from day one matters more than testing the market high.

Monthly payment

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Down payment20% · $78,030

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Common questions

What people ask us.

How much is a home in 85281 worth?

The typical home value in Tempe, AZ 85281 is $390,150 as of September 2026, down 2.6% over the past year. The median list price is $439,225.

How long does it take to sell a home in 85281?

The median days on market in 85281 is 74 as of September 2026. With 44.7% of listings carrying a price cut, homes priced too high tend to sit longer.

How competitive is the 85281 market right now?

There are 130 homes for sale and 28 new listings as of September 2026. Buyers have options, and sellers face real competition.

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Nearby ZIP markets.

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