Market Intelligence · AZ / Tempe

Tempe, AZ 85283 Housing Market

The typical home value in Tempe, AZ 85283 is $446,828, down 0.1% over the past year as of September 2026. Homes are listed at a median price of $515,500 and spend a median of 57 days on the market.

Updated September 2026Median value$447K

The median home value in Tempe, AZ 85283 is $447K as of September 2026, down 0.1% 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 85283 range

$411K to $483K

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

-0.1% over 12 months

Sep 2025$447K

Low $447KHigh $452K

Sep 2026$447K

The numbers

What is the 85283 housing market like?

As of September 2026

Typical home value

$447K

0.1%YoY

Median list price

$516K

1.8%MoM

Days on market

11.8%MoM

Homes for sale

117

12.5%MoM

Price cuts

51.1%

13.7%MoM

New listings

31.8%MoM

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

The outlook

85283 housing market forecast 2027

-1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85283 to fall 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 85283 fell 0.1%, per the Zillow Home Value Index.

Will home prices drop in 85283?

Zillow's forecast says they may: it expects typical home values in 85283 to fall 1.5% 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.

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

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The comparison

How do 85283 home prices compare?

85283$446,828
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

The 85283 market is essentially flat. Typical home values sit at $446,828, down just 0.1% over the past year as of September 2026. There were 117 homes for sale, with 30 new listings added in September 2026. Homes take a median of 57 days to sell, and 51.1% of listings have had a price cut, with a median list price of $515,500. For a seller, the read is straightforward: buyers have room to negotiate, so pricing correctly from the start matters more than aiming high.

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Down payment20% · $89,366

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Common questions

What people ask us.

How much is a home in 85283 worth?

The typical home value in Tempe, AZ 85283 is $446,828, down 0.1% over the past year as of September 2026.

How long does it take to sell a home in 85283?

Homes in 85283 spend a median of 57 days on the market as of September 2026.

Are sellers in 85283 cutting prices?

Yes. As of September 2026, 51.1% of listings in 85283 had a price cut, with 117 homes for sale.

Discover

Nearby ZIP markets.

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