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TEMPE, AZ 85288

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

Market Analysis

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

The TEMPE, AZ real estate market (85288) currently shows 70 active listings, with 18 pending sales. Homes are averaging 63 days on the market before going under contract.

Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 63 days on market compared to 52 days last year.

The median listing price has fallen 0.6% year-over-year, from $442,498 to $439,750.

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: 0  ·  Density: 0.0/mi²  ·  Median household income: $0

Typical home value: $0  ·  Homeownership: 0.0%

Market Overview

Active Listings
70
⇧ 45.8% vs 48 last year
Pending
18
26% pending ratio
Median Price
$439,750
⇩ 0.6% vs $442,498 last year
Average Price
$456,070
⇩ 7.1% vs $490,738 last year
Days on Market
63
⇧ 21.2% vs 52 days last year

Price Per Square Foot

Median $/sqft
$335
⇩ 4.3% vs $350/sqft last year
Median Home Size
1,169 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 70 this year vs 48 last year
  • Days on market: 63 now vs 52 last year

Median & Average Pricing

Year over Year
  • Median: $439,750 (-0.6% YoY)
  • Average: $456,070 (-7.1% 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 9.1 miles — 1,103 listings ($597,827,052 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85288Tempe, AZ 852880.0 mi64$27,964,288$394,450$436,942
85283Tempe, AZ 852831.6 mi98$51,950,094$500,000$530,103
85202Mesa, AZ 852023.3 mi98$38,336,228$334,777$391,186
85210Mesa, AZ 852105.1 mi64$23,658,816$342,500$369,669
85044Phoenix, AZ 850445.4 mi136$76,164,080$475,000$560,030
85040Phoenix, AZ 850405.6 mi59$21,554,942$354,500$365,338
85034Phoenix, AZ 850346.0 mi13$7,292,870$427,000$560,990
85042Phoenix, AZ 850427.1 mi163$93,196,065$465,000$571,755
85233Gilbert, AZ 852337.4 mi110$63,835,200$532,500$580,320
85048Phoenix, AZ 850488.2 mi114$86,532,840$602,450$759,060
85203Mesa, AZ 852038.5 mi69$42,653,799$525,000$618,171
85006Phoenix, AZ 850068.5 mi62$31,024,986$485,000$500,403
85004Phoenix, AZ 850049.1 mi53$33,662,844$519,900$635,148

Frequently Asked Questions

How many homes are for sale in TEMPE, AZ 85288?

As of February 2026, there are 70 active listings in TEMPE, AZ (zip code 85288), compared to 48 the prior year.

What is the median home price in TEMPE, AZ 85288?

The median listing price in TEMPE, AZ 85288 is $439,750 as of February 2026, a 0.6% decrease from $442,498 the prior year.

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

Homes in TEMPE, AZ 85288 spend an average of 63 days on the market before going under contract, compared to 52 days the prior year.

Is it a seller's or buyer's market in TEMPE, AZ 85288?

Based on current inventory and days-on-market data as of February 2026, TEMPE, AZ 85288 is currently a Buyer's Market. Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 63 days on market compared to 52 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 85288 save an estimated $8,795 compared to a typical 5% commission on the median listing price of $439,750. 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.