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Market Intelligence · AZ / Tempe

Tempe, AZ 85284 Housing Market

The typical home in Tempe's 85284 ZIP code is valued at $705,540, up 1.8% over the past year as of September 2026. The median list price sits at $681,225, and homes spend a median of 46 days on the market.

Updated September 2026Median value$706K

The median home value in Tempe, AZ 85284 is $706K as of September 2026, up 1.8% 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 85284 range

$649K to $762K

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

+1.8% over 12 months

Typical home value in 85284 over the last 12 months: $693K in Sep 2025 to $706K in Sep 2026 (+1.8%).

Sep 2025$693K

Sep 2026$706K

The numbers

What is the 85284 housing market like?

Typical home value

$706K

Up1.8%YoY

Median list price

$681K

Down1.2%MoM

Days on market

46

Down9.8%MoM

Homes for sale

33

Up6.5%MoM

Price cuts

21.9%

Down53.1%MoM

New listings

20

Up25.0%MoM

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

The outlook

85284 housing market forecast 2027

-1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85284 to fall 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 85284 rose 1.8%, per the Zillow Home Value Index.

Will home prices drop in 85284?

Zillow's forecast says they may: it expects typical home values in 85284 to fall 1.5% by September 2027, after a 1.8% rise 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 85284 home prices compare?

  • 85284$705,540
  • 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

As of September 2026, there are 33 homes for sale in 85284, with 20 new listings hitting the market. The median list price is $681,225, while the typical home value is $705,540, up 1.8% over the past year. Homes are taking a median of 46 days to sell, and 21.9% of listings have taken a price cut. That combination suggests values are still rising, but buyers are negotiating harder than sellers may expect. For a seller, the honest takeaway is that pricing right from the start matters more than testing the market high.

Monthly payment

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20% · $141,108

Common questions

What people ask us.

How much is a home in 85284 worth?

The typical home value in 85284 is $705,540, up 1.8% over the past year as of September 2026. The median list price is $681,225.

How long does it take to sell a home in 85284?

Homes in 85284 spend a median of 46 days on the market as of September 2026. That gives sellers a realistic timeline to plan around.

Are sellers cutting prices in 85284?

Yes. As of September 2026, 21.9% of listings in 85284 have taken a price cut, a sign that overpricing tends to get corrected by the market.

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