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Peterson

TEMPE, AZ 85288

Real Estate Market Report  ·  Maricopa County
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The TEMPE, AZ real estate market (85288) currently shows 67 active listings, with 16 pending sales. Homes are averaging 50 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 50 days on market compared to 46 days last year.

The median listing price has fallen 9.3% year-over-year, from $457,350 to $414,975.

Whether you are buying or selling in TEMPE, AZ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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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
67
⇧ 19.6% vs 56 last year
Pending
16
24% pending ratio
Median Price
$414,975
⇩ 9.3% vs $457,350 last year
Average Price
$453,780
⇩ 14% vs $527,487 last year
Days on Market
50
⇧ 8.7% vs 46 days last year

Price Per Square Foot

Median $/sqft
$328
⇩ 6% vs $349/sqft last year
Median Home Size
1,183 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 67 this year vs 56 last year
  • Days on market: 50 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $414,975 (-9.3% YoY)
  • Average: $453,780 (-14% 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 April 2026, there are 67 active listings in TEMPE, AZ (zip code 85288), compared to 56 the prior year.

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

The median listing price in TEMPE, AZ 85288 is $414,975 as of April 2026, a 9.3% decrease from $457,350 the prior year.

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

Homes in TEMPE, AZ 85288 spend an average of 50 days on the market before going under contract, compared to 46 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 April 2026, TEMPE, AZ 85288 is currently a Buyer's Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 50 days on market compared to 46 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 $8,300 compared to a typical 5% commission on the median listing price of $414,975. 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.