Real Estate Market Update for Tempe, AZ
Hide / View Video Transcript
Hide / View Video Transcript
Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was up 36% from one year earlier, and did not change 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 250-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 40%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 210-thousand dollars. The number of units sold increased 3% year-over-year, and decreased 1% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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.
Map Information for Tempe, AZ
Area Information for Tempe, AZ
  • Population: 165,258
  • Median Age: 27.75 yr
  • Median Commute Time: 18.13 mins
  • Educational Climate*: 4
  • Sales Tax: 8.3%
  • Population Density: 4,139/sq mi
  • Population Change Since 2000: 4.09%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: Harrison Middleton Univ-clg Humanities
  • Closest Jr. College: Southwest Institute Of Healing Arts
  • Median Household Income: $47,994
  • Annual Residential Turnover: 27.54%
  • Median Years in Residence: 2.4 yr
  • Median Home Sales Price: $150,000
  • Closest Major Sports Team: Diamondbacks
  • Change Avg. Household Income Since 2000: 12%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Tempe, AZ
Median Age: 27.75 Married: 20% Number of Households: 67,912 Households with Children: 15,876
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 GreatSchools Rating Parent Rating
      Giving Tree Montessori Private School 0.5 mi Private PRESCHOOL-K 0 0
      Carminati School 0.6 mi Public PRESCHOOL-5 1 4
      Aguilar School 0.6 mi Public K-5 2 4
      Arredondo Elementary School 0.8 mi Public K-5 2-5 4
      Rover Elementary School 0.9 mi Public K-5 3-5 4
      Marcos De Niza High School 1.0 mi Public 9-12 3-5 4
      Fees College Preparatory Middle School 1.0 mi Public 6-8 2 3
      Getz School 1.1 mi Public PRESCHOOL-PRESCHOOL 0 4
      Gethsemane Lutheran School 1.1 mi Private PRESCHOOL-8 0 4
      Grace Community Christian School 1.1 mi Private PRESCHOOL-8 0 5
      Hudson Elementary School 1.1 mi Public K-5 3-5 4
      Tempe Preparatory Junior Academy 1.1 mi Public 6-8 4-5 4
      Tempe Preparatory Academy 1.1 mi Public 6-12 5 5
      James Madison Preparatory School 1.2 mi Public 7-12 4-5 4
      Pinnacle Virtual High School 1.2 mi Public 6-12 1 5
      Wood School 1.2 mi Public K-5 2 4
      Imagine Elementary At Tempe 1.3 mi Public PRESCHOOL-8 2 3
      Tapbi 1.4 mi Public 9-12 0 0
      Compadre High School 1.4 mi Public 9-12 1 3
      Pinnacle Charter High School 1.4 mi Public 9-12 0 4
      Academic Behavioral Alternatives 1.6 mi Private K-12 0 0
      Emmanuel Lutheran School 1.6 mi Private PRESCHOOL-8 0 4
      Kyrene Del Norte School 1.6 mi Public K-5 3-5 4
      Fuller Elementary School 1.6 mi Public K-5 4 4
      Ward Traditional Academy 1.7 mi Public K-8 5 4
      Tempe Academy Of International Studies 1.8 mi Public 6-6 0 0
      Mcclintock High School 1.8 mi Public 9-12 4-5 3
      Kyrene De Los Ninos School 1.8 mi Public PRESCHOOL-5 2-5 4
      Our Lady Of Mount Carmel School 1.8 mi Catholic K-8 0 4
      Broadmor Elementary School 1.9 mi Public K-5 4 5
      Frank Elementary School 2.0 mi Public PRESCHOOL-5 1 4
      International Commerce High School - Tempe 2.0 mi Public 9-12 0 5
      Humanities And Sciences Academy Arizona 2.0 mi Public K-12 1 0
      Humanities And Science High School - Tempe 2.0 mi Public 9-12 0 4
      Leona Advanced Virtual Academy 2.1 mi Public 7-12 0 0
      Quest High School 2.1 mi Public 9-12 0 0
      Montezuma Middle School 2.1 mi Public 7-12 0 0
      Dayspring Preschool & Kindergarten 2.2 mi Private PRESCHOOL-K 0 0
      Grand Canyon College Preparatory Charter School 2.2 mi Public 6-12 2-5 4
      Tempe High School 2.2 mi Public 9-12 3-5 3
      Sun Valley Learning Center 2.2 mi Private PRESCHOOL-K 0 0
      Center For Educational Excellence 2.2 mi Public K-8 4-5 4
      Curry Elementary School 2.3 mi Public K-5 2 3
      Edoptions High School 2.3 mi Public 7-12 0 0
      Edoptions Aoi Program 2.3 mi Public 9-12 0 0
      Connolly Middle School 2.4 mi Public 6-8 3 3
      Pinnacle High School - Tempe 2.6 mi Public 9-12 0 4
      Pinnacle High School - Mesa 2.6 mi Public 9-12 0 0
      C I Waggoner School 2.6 mi Public K-5 4-5 4
      Kyrene Middle School College Preparatory Academy 2.6 mi Public 6-8 3-5 3
      New School For The Arts Middle School 2.6 mi Public 6-8 4 4
      New School For The Arts 2.6 mi Public 6-12 4-5 3
      Holdeman Elementary School 2.7 mi Public K-5 2 4
      Children First Academy - Tempe 3.0 mi Public K-8 1 4
      Gililland Middle School 3.2 mi Public 6-8 1 3
      Phoenix Metro Islamic School 3.2 mi Private K-8 0 4
      The Aces-east 3.2 mi Private K-12 0 0
      Flora Thew Elementary School 3.3 mi Public K-5 2 3
      Joyful Beginnings Academy 3.5 mi Private PRESCHOOL-K 0 0
      Scales Technology Academy 3.6 mi Public K-5 1 3
      Corona Del Sol High School 3.6 mi Public 9-12 4-5 4
      Kyrene De La Mariposa School 3.6 mi Public K-5 4 4
      Kyrene De Las Manitas School 4.1 mi Public PRESCHOOL-5 3 3
      Student Choice High School 4.9 mi Public 9-12 1 3
      Abiding Savior School 5.5 mi Private PRESCHOOL-K 0 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: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Tempe, AZ
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.