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Alegre Community Clark Park Daley Park Downtown Escalante Gililland Holdeman Hudson Manor Jen Tilly Terrace Lindon Park Maple-Ash Marilyn Ann Mitchell Park North Tempe Riverside Sunset University Estates University Heights University Park Victory Acres

TEMPE, AZ 85281

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 85281

Alegre Community · Clark Park · Daley Park · Downtown · Escalante · Gililland · Holdeman · Hudson Manor · Jen Tilly Terrace · Lindon Park · Maple-Ash · Marilyn Ann · Mitchell Park · North Tempe · Riverside · Sunset · University Estates · University Heights · University Park · Victory Acres

Market Analysis

Data as of February 2026. Source: Realtor.com.

The TEMPE, AZ real estate market (85281) currently shows 106 active listings, with 23 pending sales. Homes are averaging 45 days on the market before going under contract.

Inventory has increased compared to last year, with 36 more homes available — giving buyers more choice.

Homes are selling faster, averaging 45 days on market compared to 66 days last year.

The median listing price has risen 5.4% year-over-year, from $467,475 to $492,500.

Whether you are buying or selling in TEMPE, AZ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 68,623  ·  Density: 1,994.6/mi²  ·  Median household income: $55,572

Typical home value: $330,254  ·  Homeownership: 21.6%

Market Overview

Active Listings
106
⇧ 51.4% vs 70 last year
Pending
23
22% pending ratio
Median Price
$492,500
⇧ 5.4% vs $467,475 last year
Average Price
$658,118
⇧ 24.5% vs $528,810 last year
Days on Market
45
⇩ 31.8% vs 66 days last year

Price Per Square Foot

Median $/sqft
$337
⇧ 6% vs $318/sqft last year
Median Home Size
1,420 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 106 this year vs 70 last year
  • Days on market: 45 now vs 66 last year

Median & Average Pricing

Year over Year
  • Median: $492,500 (+5.4% YoY)
  • Average: $658,118 (+24.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.6 miles — 1,580 listings ($3,116,227,466 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85281Tempe, AZ 852810.0 mi93$53,890,524$479,950$579,468
85257Scottsdale, AZ 852572.6 mi192$112,714,368$640,000$587,054
85008Phoenix, AZ 850084.0 mi106$51,672,032$399,999$487,472
85202Mesa, AZ 852024.5 mi98$38,336,228$334,777$391,186
85201Mesa, AZ 852014.8 mi82$31,522,850$349,000$384,425
85040Phoenix, AZ 850405.7 mi59$21,554,942$354,500$365,338
85284Tempe, AZ 852846.3 mi54$61,213,968$790,000$1,133,592
85018Phoenix, AZ 850187.2 mi285$584,796,630$1,150,000$2,051,918
85044Phoenix, AZ 850447.5 mi136$76,164,080$475,000$560,030
85224Chandler, AZ 852247.9 mi96$48,756,960$459,900$507,885
85001Phoenix, AZ 850018.1 mi2$5,558,000$2,779,000$2,779,000
85253Paradise Valley, AZ 852538.2 mi296$1,995,077,888$5,500,000$6,740,128
85204Mesa, AZ 852048.6 mi81$34,968,996$415,000$431,716

Frequently Asked Questions

How many homes are for sale in TEMPE, AZ 85281?

As of February 2026, there are 106 active listings in TEMPE, AZ (zip code 85281), compared to 70 the prior year.

What is the median home price in TEMPE, AZ 85281?

The median listing price in TEMPE, AZ 85281 is $492,500 as of February 2026, a 5.4% increase from $467,475 the prior year.

How long do homes stay on the market in TEMPE, AZ?

Homes in TEMPE, AZ 85281 spend an average of 45 days on the market before going under contract, compared to 66 days the prior year.

Is it a seller's or buyer's market in TEMPE, AZ 85281?

Based on current inventory and days-on-market data as of February 2026, TEMPE, AZ 85281 is currently a Balanced Market. Inventory has increased compared to last year, with 36 more homes available — giving buyers more choice. Homes are selling faster, averaging 45 days on market compared to 66 days last year.

How much can I save on real estate commission in TEMPE, AZ?

With SELL123.com's maximum 3% commission, sellers in TEMPE, AZ 85281 save an estimated $9,850 compared to a typical 5% commission on the median listing price of $492,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.