Is Tempe, AZ 85288 a buyer’s or seller’s market?
Tempe is a buyer’s market. With about 8.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 7% of U.S. ZIP codes, and #205 of 231 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Tempe housing market right now
In the three months ending August 31, 2026, 6% of homes in Tempe, AZ 85288 sold above their list price, the typical home went under contract in 64 days and there were 8.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 36 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (7% then), homes sold faster (67 days then) and the median sale price rose 7% to $394,829. Overall, Tempe is about as competitive as it was a year ago.
On our competition score, Tempe ranks #205 of 231 AZ ZIP codes with enough sales (score 14 out of 100).
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Where Tempe is
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Questions about Tempe real estate
Is Tempe a buyer’s or seller’s market?
A buyer’s market: there were 8.9 months of supply in Tempe, AZ 85288 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Tempe?
The typical home went under contract in 64 days in the latest three months.
Do homes in Tempe sell over asking?
6% of homes sold above their original list price, and the typical sale closed at 97.3% of the list price.
What is the median home price in Tempe?
The median sale price was $394,829 in the three months ending August 31, 2026, about $310 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology