Call or Text (240) SELL-123
Bell De Mar Crossing Camelot Village Dava-Lakeshore Kiwanis Park Optimist Park Pepperwood Scudder Park West Tempe Royal Estates The Pointe at South Mountain Wood Park

TEMPE, AZ 85283

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 85283

Bell De Mar Crossing · Camelot Village · Dava-Lakeshore · Kiwanis Park · Optimist Park · Pepperwood · Scudder Park West · Tempe Royal Estates · The Pointe at South Mountain · Wood Park

Market Analysis

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

The TEMPE, AZ real estate market (85283) currently shows 117 active listings, with 40 pending sales. Homes are averaging 43 days on the market before going under contract.

Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 43 days on market compared to 41 days last year.

The median listing price has fallen 5.8% year-over-year, from $530,542 to $499,900.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for TEMPE, AZ 85283 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 45,739  ·  Density: 2,000.1/mi²  ·  Median household income: $76,645

Typical home value: $363,324  ·  Homeownership: 47.4%

Market Overview

Active Listings
117
⇧ 24.5% vs 94 last year
Pending
40
34% pending ratio
Median Price
$499,900
⇩ 5.8% vs $530,542 last year
Average Price
$517,787
⇩ 0.9% vs $522,474 last year
Days on Market
43
⇧ 4.9% vs 41 days last year

Price Per Square Foot

Median $/sqft
$306
⇧ 2.3% vs $299/sqft last year
Median Home Size
1,542 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 117 this year vs 94 last year
  • Days on market: 43 now vs 41 last year

Median & Average Pricing

Year over Year
  • Median: $499,900 (-5.8% YoY)
  • Average: $517,787 (-0.9% 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 9.8 miles — 1,135 listings ($642,283,544 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85283Tempe, AZ 852830.0 mi98$51,950,094$500,000$530,103
85284Tempe, AZ 852841.9 mi54$61,213,968$790,000$1,133,592
85202Mesa, AZ 852023.5 mi98$38,336,228$334,777$391,186
85281Tempe, AZ 852814.4 mi93$53,890,524$479,950$579,468
85210Mesa, AZ 852105.4 mi64$23,658,816$342,500$369,669
85225Chandler, AZ 852256.6 mi168$80,146,752$460,000$477,064
85042Phoenix, AZ 850426.8 mi163$93,196,065$465,000$571,755
85226Chandler, AZ 852266.9 mi87$45,781,836$507,500$526,228
85034Phoenix, AZ 850347.0 mi13$7,292,870$427,000$560,990
85008Phoenix, AZ 850087.5 mi106$51,672,032$399,999$487,472
85286Chandler, AZ 852868.7 mi120$86,932,560$645,000$724,438
85203Mesa, AZ 852039.4 mi69$42,653,799$525,000$618,171
85001Phoenix, AZ 850019.8 mi2$5,558,000$2,779,000$2,779,000

Frequently Asked Questions

How many homes are for sale in TEMPE, AZ 85283?

As of February 2026, there are 117 active listings in TEMPE, AZ (zip code 85283), compared to 94 the prior year.

What is the median home price in TEMPE, AZ 85283?

The median listing price in TEMPE, AZ 85283 is $499,900 as of February 2026, a 5.8% decrease from $530,542 the prior year.

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

Homes in TEMPE, AZ 85283 spend an average of 43 days on the market before going under contract, compared to 41 days the prior year.

Is it a seller's or buyer's market in TEMPE, AZ 85283?

Based on current inventory and days-on-market data as of February 2026, TEMPE, AZ 85283 is currently a Buyer's Market. Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 43 days on market compared to 41 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 85283 save an estimated $9,998 compared to a typical 5% commission on the median listing price of $499,900. 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.