Home ValuePros

Market Intelligence · AZ / Tempe

Tempe, AZ 85284 Housing Market

The typical home value in Tempe 85284 is $716,405, up 1.4% over the past year. The median list price sits at $689,450, with homes spending a median of 51 days on market.

Updated August 2026Median value$710K

The median home value in Tempe, AZ 85284 is $710K as of August 2026, up 1.6% 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 85284 range

$653K to $766K

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

+1.6% over 12 months

Typical home value in 85284 over the last 12 months: $698K in Aug 2025 to $710K in Aug 2026 (+1.6%).

Aug 2025$698K

Aug 2026$710K

The numbers

What is the 85284 housing market like?

Typical home value

$710K

Up1.6%YoY

Median list price

$689K

Down6.0%MoM

Days on market

51

Down12.1%MoM

Homes for sale

31

Down3.1%MoM

Price cuts

46.7%

Up42.6%MoM

New listings

16

Up33.3%MoM

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

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The comparison

How do 85284 home prices compare?

  • 85284$709,532
  • 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

Tempe 85284 shows mixed signals for sellers. There are 31 homes for sale with 16 new listings as of August 2026, suggesting moderate supply. The median of 51 days on market indicates homes are taking time to move. More notably, 46.7% of listings have received a price cut, a sign that sellers are adjusting expectations. While the typical home value gained 1.4% annually, the prevalence of price reductions suggests buyers have leverage right now.

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