Here’s a clear look at what’s happening in Tempe as we kick off 2026.
🏡 Sales Market – More Listings, Slower Pace
Inventory is building. Buyers have options.
- Active Listings: 341
(Up 10% YoY | Up from 308 in December) - Median Sold Price per SF: $292.97
(Up 0.6% YoY | Down from $302.15 in December) - Average Days on Market: 60
(Up 40.7% YoY | Up from 56 in December) - 30-Year Mortgage Rates: 6.11%
(Essentially flat month-over-month)
What This Means
- Inventory continues to rise, giving buyers more leverage than this time last year.
- Price per square foot is slightly positive year-over-year, but we saw a month-over-month softening.
- Homes are taking longer to sell — a sign that urgency has cooled.
- Sellers must price correctly and present well to win in this environment.
Tempe remains one of the stronger submarkets in the metro thanks to location, lifestyle, and proximity to employment hubs — but it’s clearly a more competitive selling environment than early 2024.
🏘 Rental Market – Demand Holding, Supply Rising
The rental market is active — but inventory is expanding fast.
- Active Rental Listings: 281
(Up 46.4% YoY | Up from 253 in December) - Median Rented Price per SF: $1.54
(Down 1.9% YoY | Up from $1.44 in December) - Median Days on Market: 58
(Up 7.4% YoY | Improved from 64 in December)
What This Means
- Rental inventory has surged year-over-year — a major shift.
- Month-over-month pricing improved, even though YoY numbers are still slightly down.
- Leasing timelines improved from December, suggesting seasonal momentum is starting.
Tempe rentals continue to benefit from steady demand driven by employment, higher education, and lifestyle appeal — but landlords need sharp pricing and strong marketing to avoid extended vacancy.