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Peterson

TEMPE, AZ 85288

Real Estate Market Report  ·  Maricopa County
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The TEMPE, AZ real estate market (85288) currently shows 99 active listings, with 12 pending sales. Homes are averaging 44 days on the market before going under contract.

Inventory has increased compared to last year, with 37 more homes available — giving buyers more choice.

Homes are selling faster, averaging 44 days on market compared to 66 days last year.

The median listing price has fallen 14.1% year-over-year, from $442,500 to $379,900.

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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
99
⇧ 59.7% vs 62 last year
Pending
12
12% pending ratio
Median Price
$379,900
⇩ 14.1% vs $442,500 last year
Average Price
$401,758
⇩ 19.6% vs $499,781 last year
Days on Market
44
⇩ 33.3% vs 66 days last year

Price Per Square Foot

Median $/sqft
$324
⇩ 6.9% vs $348/sqft last year
Median Home Size
1,140 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 99 this year vs 62 last year
  • Days on market: 44 now vs 66 last year

Median & Average Pricing

Year over Year
  • Median: $379,900 (-14.1% YoY)
  • Average: $401,758 (-19.6% 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 — 1,226 listings ($662,042,360 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85288Tempe, AZ 852880.0 mi70$31,924,900$439,750$456,070
85283Tempe, AZ 852831.6 mi117$60,581,079$499,900$517,787
85202Mesa, AZ 852023.3 mi118$45,716,386$322,200$387,427
85210Mesa, AZ 852105.1 mi75$26,577,450$334,750$354,366
85044Phoenix, AZ 850445.4 mi158$90,968,658$450,000$575,751
85040Phoenix, AZ 850405.6 mi59$21,379,889$347,000$362,371
85034Phoenix, AZ 850346.0 mi10$5,685,400$426,975$568,540
85042Phoenix, AZ 850427.1 mi156$93,076,464$500,000$596,644
85233Gilbert, AZ 852337.4 mi129$73,857,015$526,324$572,535
85048Phoenix, AZ 850488.2 mi142$93,750,246$596,175$660,213
85203Mesa, AZ 852038.5 mi66$44,122,188$584,500$668,518
85006Phoenix, AZ 850068.5 mi71$37,346,710$495,750$526,010
85004Phoenix, AZ 850049.1 mi55$37,055,975$523,748$673,745

Frequently Asked Questions

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

As of September 2026, there are 99 active listings in TEMPE, AZ (zip code 85288), compared to 62 the prior year.

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

The median listing price in TEMPE, AZ 85288 is $379,900 as of September 2026, a 14.1% decrease from $442,500 the prior year.

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

Homes in TEMPE, AZ 85288 spend an average of 44 days on the market before going under contract, compared to 66 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 September 2026, TEMPE, AZ 85288 is currently a Balanced Market. Inventory has increased compared to last year, with 37 more homes available — giving buyers more choice. Homes are selling faster, averaging 44 days on market compared to 66 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 $7,598 compared to a typical 5% commission on the median listing price of $379,900. 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.