Is Tempe, AZ 85283 a buyer’s or seller’s market?

The Tempe housing market right now

In the three months ending August 31, 2026, 11% of homes in Tempe, AZ 85283 sold above their list price, the typical home went under contract in 44 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 106 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold faster (48 days then) and the median sale price rose 1% to $464,799. Overall, Tempe is more competitive than a year ago, so tougher for buyers.

Within Maricopa County, homes here sell faster than in 91% of the county’s ZIP codes, and sell more often over asking than in 51%. On our competition score, Tempe ranks #85 of 231 AZ ZIP codes with enough sales (score 32 out of 100).

Nearby, buyers who want less competition could look at Wickenburg 85390 (0% sold over asking) or Carefree 85377 (0% sold over asking), while Arlington 85322 (33% sold over asking) and Tolleson 85353 (32% sold over asking) are even more competitive.