Real Estate Market Update for Tempe, AZ

Video: Real Estate Community Tour for Tempe, AZ

See Real estate community tour for Tempe, AZ
Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was up 17% from one year earlier, and up 7% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 310-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 17%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 250-thousand dollars. The number of units sold decreased 18% year-over-year, and decreased 16% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Tempe, AZ
Area Information for Tempe, AZ
  • Population: 175,106
  • Median Age: 30.32 yr
  • Median Commute Time: 20 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 4,399/sq mi
  • Population Change Since 2000: 10.31%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: Harrison Middleton Univ-clg Humanities
  • Closest Jr. College: Southwest Institute Of Healing Arts
  • Median Household Income: $50,353
  • Annual Residential Turnover: 30%
  • Median Home Sales Price: $211,000
  • Closest Major Sports Team: Azl Angels (r)
  • Change Avg. Household Income Since 2000: 19.99%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Tempe, AZ
Median Age: 30.32 Married: 27% Number of Households: 72,085 Households with Children: 15,061
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Tempe, AZ

      School Name Distance Type Grades School Rating Parent Rating
      Giving Tree Montessori Private School 0.5 mi Private PRESCHOOL-K 0 0
      Carminati Elementary School 0.6 mi Public PRESCHOOL-5 2 0
      Aguilar School 0.7 mi Public K-5 1 0
      Arredondo Elementary School 0.9 mi Public K-5 2 0
      Rover Elementary School 1.0 mi Public K-5 3 0
      Fees College Preparatory Middle School 1.1 mi Public 6-8 1 0
      Marcos De Niza High School 1.1 mi Public 9-12 2 3
      Gethsemane Lutheran School 1.1 mi Private PRESCHOOL-8 0 0
      Grace Community Christian School 1.1 mi Private PRESCHOOL-8 0 0
      Hudson Elementary School 1.2 mi Public K-5 3 0
      Tempe Preparatory Junior Academy 1.2 mi Public 6-12 5 0
      Tempe Preparatory Academy 1.2 mi Public 6-12 5 4
      Pinnacle Virtual High School 1.2 mi Public 9-12 2 2
      James Madison Preparatory School 1.3 mi Public 7-12 4 4
      Getz School 1.3 mi Public PRESCHOOL-PRESCHOOL 0 0
      Wood Elementary School 1.4 mi Public K-5 0 0
      Pinnacle Charter High School 1.4 mi Public 9-12 1 0
      Imagine Tempe 1.5 mi Public K-8 2 0
      Academic Behavioral Alternatives 1.5 mi Private K-12 0 0
      Emmanuel Lutheran School 1.5 mi Private PRESCHOOL-8 0 0
      Compadre High School 1.6 mi Public 9-12 1 0
      Tapbi 1.6 mi Public 9-12 0 0
      Kyrene Del Norte School 1.6 mi Public PRESCHOOL-5 2 0
      Fuller Elementary School 1.7 mi Public K-5 4 0
      Ward Traditional Academy 1.7 mi Public K-8 4 0
      Tempe Academy Of International Studies 1.8 mi Public 6-8 0 0
      Laird School 1.8 mi Public K-8 1 0
      Kyrene De Los Ninos School 1.8 mi Public K-5 3 0
      Mcclintock High School 1.8 mi Public 9-12 3 3
      Our Lady Of Mount Carmel School 1.8 mi Catholic K-8 0 0
      Broadmor Elementary School 1.9 mi Public K-5 4 0
      Frank Elementary School 2.0 mi Public PRESCHOOL-5 0 0
      Humanities And Sciences Academy Arizona 2.0 mi Public K-12 1 0
      International Commerce High School - Tempe 2.0 mi Public 9-12 1 0
      Humanities And Science High School - Tempe 2.0 mi Public 9-12 5 0
      Sun Valley Learning Center 2.1 mi Private PRESCHOOL-K 0 0
      Grand Canyon College Preparatory Charter School 2.2 mi Public 6-12 4 0
      Tempe High School 2.2 mi Public 9-12 1 4
      Dayspring Preschool & Kindergarten 2.2 mi Private PRESCHOOL-K 0 0
      Bethany Christian School 2.2 mi Private K-8 0 0
      Center For Educational Excellence 2.3 mi Public K-8 5 0
      Edoptions Aoi Program 2.3 mi Public 9-12 1 0
      Valley Preparatory Academy 2.3 mi Public 9-12 1 0
      Edoptions High School 2.3 mi Public 7-12 2 5
      Phoenix Metro Islamic School 2.3 mi Private PRESCHOOL-8 0 0
      Curry Elementary School 2.3 mi Public K-5 1 0
      Connolly Middle School 2.4 mi Public 6-8 2 0
      Kyrene Middle School 2.6 mi Public 6-8 2 0
      C I Waggoner School 2.6 mi Public K-5 4 0
      Pinnacle High School - Tempe 2.6 mi Public 9-12 0 0
      New School For The Arts 2.6 mi Public 6-12 4 5
      New School For The Arts Middle School 2.6 mi Public 6-8 4 0
      Holdeman Elementary School 2.7 mi Public PRESCHOOL-5 0 0
      The French American School Of Arizona 2.8 mi Private PRESCHOOL-1 0 0
      Edkey - Children First Academy Tempe 3.0 mi Public K-8 1 0
      Gililland Middle School 3.2 mi Public 6-8 1 1
      The Aces-tempe 3.2 mi Private K-12 0 0
      Thew Elementary School 3.3 mi Public K-5 0 0
      Joyful Beginnings Academy 3.5 mi Private K-1 0 0
      Scales Technology Academy 3.5 mi Public K-5 1 0
      Corona Del Sol High School 3.6 mi Public 9-12 4 4
      Kyrene De La Mariposa School 3.7 mi Public K-5 4 0
      Kyrene De Las Manitas School 4.1 mi Public PRESCHOOL-5 3 0
      Student Choice High School 4.9 mi Public 9-12 2 0
      Abiding Savior School 5.5 mi Private PRESCHOOL-K 0 0
      Integrity Education Centre 5.5 mi Public K-12 3 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Tempe, AZ
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.