Market Intelligence · AZ / Tempe

Tempe, AZ 85283 Housing Market

The typical home value in Tempe 85283 is $452,842, down 0.6% over the past year. Homes on the market have a median list price of $535,000 and spend a median of 42 days before sale.

Updated August 2026Median value$453K

The median home value in Tempe, AZ 85283 is $453K as of August 2026, down 0.6% 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 85283 range

$417K to $489K

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

-0.6% over 12 months

Typical home value in 85283 over the last 12 months: $456K in Jul 2025 to $453K in Jul 2026 (-0.6%).

Jul 2025$456K

Jul 2026$453K

The numbers

What is the 85283 housing market like?

Typical home value

$453K

Down0.6%YoY

Median list price

$525K

Down1.9%MoM

Days on market

51

Up21.4%MoM

Homes for sale

104

Up7.2%MoM

Price cuts

44.9%

Up121.3%MoM

New listings

44

Down4.3%MoM

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

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The comparison

How do 85283 home prices compare?

  • 85283$452,842
  • 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

There are 97 homes for sale in this ZIP as of early July 2026, with 46 new listings arriving recently. The median list price sits at $535,000 while typical home values have slipped slightly. Homes are taking 42 days on average to sell. For sellers, the slower pace and value decline suggest this is a buyer-favorable market where pricing strategy matters.

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