Tempe closed out 2025 in a cooler, more deliberate rhythm. Inventory is higher, pricing is holding steady, and both buyers and renters are taking more time to make decisions.
Sales Market Snapshot
- Active Listings: 308 homes, up 13.2% year-over-year
- Median Sold Price: $302.15 per square foot, essentially flat (-0.1% YoY)
- Average Days on Market: 56 days, an 11.9% increase YoY
- 30-Year Mortgage Rate: 6.10%
What this tells us: Tempe sellers are facing a more competitive landscape. Pricing has stabilized, but homes are sitting longer, giving buyers additional leverage—especially on condition and concessions.
Rental Market Snapshot
- Active Rental Listings: 253, up 15.5% YoY
- Median Rented Price: $1.44 per square foot, down 4.6% YoY
- Median Days on Market: 64 days, a sharp 69.7% increase YoY
Rental demand hasn’t disappeared—but it has slowed. More options and longer lease-up times mean tenants have negotiating power, while landlords need to stay sharp on pricing and presentation.
Bottom Line
Tempe has officially shifted into a balanced-to-softening environment. Buyers and renters are patient. Sellers and landlords who price aggressively and prepare their properties well will still win—those who don’t may sit.