Housing Market in Tempe
Tempe's housing market runs a real, wide neighborhood-level spread beneath a citywide median that sits between Mesa's and Chandler's in this dataset's Phoenix-metro comparison set -- see the base record for the fuller disclosed source variance.
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Learn moreA citywide median with real, wide internal spread
A June 2026 citywide read puts Tempe's median sale price around $485,000, per an arizonahomesandcondos.com Redfin-sourced market report, with single-family homes specifically running higher at $535,000 (February 2026). That citywide figure masks a genuinely wide neighborhood range: the 85282 ZIP ran a cited $467K over the 3 months ending May 2026 (down 10.6% YoY), while Corona-South Tempe ran $715K "last month" (up 23.9% YoY) -- a more than $200K spread within city limits. See the base record's metricSources for the fuller disclosed variance across other WebSearch-synthesized readings ($475K-$508K for early 2026).
A real, middle position among this dataset's Phoenix-metro cities
Tempe's cited $485,000 citywide median sits above Mesa's $454,753 but well below both Chandler's $520,000 and Scottsdale's $959,478 -- a real, middle position, though the direct city-to-city comparison should be read cautiously given the real source variance disclosed for each city's own figure.
The wide neighborhood spread reflects real, distinct sub-markets
Tempe's internal price range likely reflects genuinely distinct sub-markets within one city: student-oriented rental-heavy areas near ASU, established residential ZIPs like 85282, and premium waterfront-adjacent areas like Corona-South Tempe near Tempe Town Lake -- a citywide median understates this internal diversity more than in a more uniform suburb.
Key takeaways
- A June 2026 citywide median sale price of roughly $485,000 (single-family homes at $535,000, February 2026) masks a real, wide spread -- from $467K in the 85282 ZIP to $715K in Corona-South Tempe, more than $200K within city limits.
- Tempe's citywide median sits between Mesa's ($454,753) and Chandler's ($520,000) in this dataset's Phoenix-metro comparison, well below Scottsdale's ($959,478).
- Tempe's wide internal price spread reflects genuinely distinct sub-markets -- student-oriented areas near ASU, established residential ZIPs, and premium Tempe Town Lake-adjacent neighborhoods.
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