Tempe, AZ, Real Estate

Tempe, Arizona, is a vibrant city nestled in the heart of the Salt River Valley, just southeast of Phoenix. Known for its dynamic blend of cultural, educational, and recreational offerings, Tempe is home to Arizona State University, one of the largest public universities in the U.S., which significantly contributes to its youthful, energetic vibe. Downtown Tempe is a bustling area where Mill Avenue serves as the social and commercial epicenter, featuring a mix of boutiques, restaurants, bars, and the historic Hayden Flour Mill, now a popular entertainment complex. The city also boasts Tempe Town Lake, an artificial reservoir that provides a scenic backdrop for numerous activities including kayaking, paddleboarding, and the annual Fourth of July fireworks celebration. Tempe's commitment to sustainability is evident in its green initiatives, like the light rail system connecting it to Phoenix, and extensive bike paths. Culturally, Tempe hosts various art festivals, music events, and sports at Sun Devil Stadium, making it a focal point for both residents and visitors seeking a lively, community-centric experience in the desert landscape of Arizona.

Tempe currently has 314 single family homes for sale with an average list price of $679,128.44, 120 townhouses for sale with an average list price of $371,258.11, 66 condos for sale with an average list price of $389,327.68, and 12 lots for sale with an average list price of $853,500. The average annual property tax for Tempe is $2,169.27.

Schools

School District Level Grades
A J Mitchell Elementary School Nogales Unified District Elementary K-5
Adams Elementary School Mesa Unified District Elementary PK, KG-6
Aguila Elementary School Aguila Elementary District Elementary K-8
Aguilar School Tempe Elementary School District Elementary PK, KG-5
Arizona Desert Elementary School Tolleson Elementary District Elementary PK, KG-8
Arredondo Elementary School Tempe Elementary School District Elementary PK, KG-5
Arroyo Elementary School Washington Elementary District Elementary K-8
Arthur M Hamilton School Murphy Elementary District Elementary PK, KG-8
Broadmor Elementary School Tempe Elementary School District Elementary K-5
C I Waggoner School Kyrene Elementary District Elementary PK, KG-5
Carmichael Elementary School Sierra Vista Unified District Elementary K-6
Carminati Elementary School Tempe Elementary School District Elementary PK, KG-5
Cecil Shamley School Tempe Elementary School District Elementary PK, KG-8
Clarendon School Osborn Elementary District Elementary PK, KG-8
Curry Elementary School Tempe Elementary School District Elementary K-5
Eagle Ridge Elementary School Paradise Valley Unified District Elementary PK, KG-6
Emerson Elementary School Mesa Unified District Elementary PK, KG-6
Festival Foothills Elementary School Wickenburg Unified District Elementary PK, KG-8
Flora Thew Elementary School Tempe Elementary School District Elementary PK, KG-5
Frank Elementary School Tempe Elementary School District Elementary PK, KG-5
Franklin East Elementary School Mesa Unified District Elementary PK, KG-6
Franklin West Elementary Mesa Unified District Elementary PK, KG-6
Fuller Elementary School Tempe Elementary School District Elementary K-5
Hohokam Elementary School Scottsdale Unified District Elementary PK, KG-6
Holdeman Elementary School Tempe Elementary School District Elementary PK, KG-5
Holmes Elementary School Mesa Unified District Elementary PK, KG-6
Ishikawa Elementary School Mesa Unified District Elementary PK, KG-6
Joseph P. Spracale Elementary School Tempe Elementary School District Elementary K-5
Kachina Elementary School Peoria Unified School District Elementary PK, KG-8
Kingswood Elementary School Dysart Unified District Elementary PK, KG-8
Kiva Elementary School Scottsdale Unified District Elementary PK, KG-6
Kyrene Monte Vista School Kyrene Elementary District Elementary PK, KG-5
Kyrene de la Colina School Kyrene Elementary District Elementary PK, KG-5
Kyrene de la Esperanza School Kyrene Elementary District Elementary PK, KG-5
Kyrene de la Estrella Elementary School Kyrene Elementary District Elementary PK, KG-5
Kyrene de la Mariposa School Kyrene Elementary District Elementary PK, KG-5
Kyrene de la Mirada School Kyrene Elementary District Elementary PK, KG-5
Kyrene de las Brisas School Kyrene Elementary District Elementary PK, KG-5
Kyrene de las Lomas School Kyrene Elementary District Elementary PK, KG-5
Kyrene de las Manitas School Kyrene Elementary District Elementary PK, KG-7
Kyrene de los Cerritos School Kyrene Elementary District Elementary PK, KG-5
Kyrene de los Ninos School Kyrene Elementary District Elementary PK, KG-5
Kyrene del Cielo School Kyrene Elementary District Elementary PK, KG-5
Kyrene del Milenio Kyrene Elementary District Elementary PK, KG-5
Kyrene del Norte School Kyrene Elementary District Elementary PK, KG-5
Laguna Elementary School Flowing Wells Unified District Elementary K-6
Madison Camelview Elementary Madison Elementary District Elementary PK, KG-4
Maricopa Elementary School Maricopa Unified School District Elementary PK, KG-6
Meyer Montessori School Tempe Elementary School District Elementary K-5
Nevitt Elementary School Tempe Elementary School District Elementary PK, KG-5
O'Connor Elementary School Mesa Unified District Elementary PK, KG-6
Pueblo Del Sol Middle School Isaac Elementary District Elementary K-8
Ray Elementary School Ray Unified District Elementary PK, KG-6
Roosevelt Elementary School Mesa Unified District Elementary PK, KG-6
Rover Elementary School Tempe Elementary School District Elementary PK, KG-8
Scales Technology Academy Tempe Elementary School District Elementary PK, KG-5
T G Barr School Roosevelt Elementary District Elementary PK, KG-8
T. Dale Hancock Elementary School Chandler Unified District Elementary PK, KG-6
Tavan Elementary School Scottsdale Unified District Elementary PK, KG-5
Walter J Meyer School Tombstone Unified District Elementary PK, KG-8
Ward Traditional Academy Tempe Elementary School District Elementary K-8
Webster Elementary School Mesa Unified District Elementary PK, KG-6
Westwind Elementary School Pendergast Elementary District Elementary PK, KG-8
Wood School Tempe Elementary School District Elementary PK, KG-5
Yavapai Elementary School Scottsdale Unified District Elementary PK, KG-6
Arizona College Prep Middle School Chandler Unified District Middle 6-8
Cactus Middle School Casa Grande Elementary District Middle 6-8
Connolly Middle School Tempe Elementary School District Middle 6-8
Cooley Middle School Higley Unified District Middle 6-8
Fees College Preparatory Middle School Tempe Elementary School District Middle 6-8
Franklin Junior High School Mesa Unified District Middle 7-8
Geneva Epps Mosley Middle School Tempe Elementary School District Middle 6-8
Kino Junior High School Mesa Unified District Middle 7-8
Kyrene Akimel A-Al Middle School Kyrene Elementary District Middle 5-8
Kyrene Altadena Middle School Kyrene Elementary District Middle 5-8
Kyrene Aprende Middle School Kyrene Elementary District Middle 5-8
Kyrene Centennial Middle School Kyrene Elementary District Middle 5-8
Kyrene Middle School Kyrene Elementary District Middle 5-8
Kyrene del Pueblo Middle School Kyrene Elementary District Middle 5-8
Madison No. 1 Middle School Madison Elementary District Middle 5-8
Madison Park School Madison Elementary District Middle 5-8
McKemy Academy of International Studies Tempe Elementary School District Middle 6-8
Mountainside Middle School Scottsdale Unified District Middle 6-8
Pinnacle High School Paradise Valley Unified District Middle 7-12
Poston Junior High School Mesa Unified District Middle 7-8
Rhodes Junior High School Mesa Unified District Middle 7-9
Taylor Junior High School Mesa Unified District Middle 7-8
Corona Del Sol High School Tempe Union High School District High 9-12
Coronado High School Scottsdale Unified District High 9-12
Desert Vista High School Tempe Union High School District High 9-12
Dobson High School Mesa Unified District High 9-12
Marcos De Niza High School Tempe Union High School District High 9-12
Mcclintock High School Tempe Union High School District High 9-12
Mesa High School Mesa Unified District High 9-12
Mountain Pointe High School Tempe Union High School District High 9-12
Phoenix Coding Academy Phoenix Union High School District High 9-12
Phoenix Union Bioscience High School Phoenix Union High School District High 9-12
South Mountain High School Phoenix Union High School District High 9-12
Tempe High School Tempe Union High School District High 9-12
Thunderbird High School Glendale Union High School District High 9-12
Westview High School Tolleson Union High School District High 9-12
Westwood High School Mesa Unified District High 9-12
Show all 102 schools

Schools

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Absorption Report

Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Tempe, i.e. what's hot and what's not.

See What's Hot & What's Not in Tempe

Neighborhoods

Neighborhood Median Price
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Warner Ranch

Warner Ranch is a neighborhood in Tempe, Arizona, built between 1985 and 1997. It currently has 10 single family homes for sale with an average list price of $670,800. The homes range in size from 1,289 ft2 to 3,458 ft2. The average annual property tax for Warner Ranch is $3,140.29. ... Read more
Median price: $625,000

Neighborhoods

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Subdivisions/Buildings

Subdivisions/Buildings Median Price
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525 Town Lake

525 Town Lake is a townhouse community in Tempe, Arizona, built between 2006 and 2007. It currently has no homes for sale. The homes range in size from 1,314 ft2 to 1,735 ft2. The HOA fees range from $365 to $490 per month. The average annual property tax for 525 Town Lake is $3,128.54. It is located in Maricopa County. ... Read more
Median Price: $558,500
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Abby Lane

Abby Lane is a townhouse community in Tempe, Arizona, built between 2002 and 2004. It currently has 2 townhouses for sale with an average list price of $459,450. The homes range in size from 1,218 ft2 to 1,485 ft2. The HOA fees range from $175 to $270 per month. The average annual property tax for Abby Lane is $2,259.44. It is located in Maricopa County. ... Read more
Median Price: $443,750
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Alameda Estates

Alameda Estates is a single-family home community in Tempe, Arizona, built between 1976 and 1989. It currently has 1 single family home for sale with a list price of $789,500. The homes range in size from 2,272 ft2 to 3,770 ft2. The HOA fees range from $698 to $903 per month. The average annual property tax for Alameda Estates is $4,744.08. It is located in Maricopa County. ... Read more
Median Price: $766,000
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Alameda Meadows

Alameda Meadows is a single-family home community in Tempe, Arizona, built between 1968 and 1969. It currently has 1 single family home for sale with a list price of $575,000. The homes range in size from 1,108 ft2 to 2,340 ft2. The average annual property tax for Alameda Meadows is $1,830.40. It is located in Maricopa County. ... Read more
Median Price: $510,000
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Alameda Meadows East

Alameda Meadows East is a single-family home community in Tempe, Arizona, built between 1969 and 1970. It currently has 1 single family home for sale with a list price of $535,000. The homes range in size from 1,374 ft2 to 1,966 ft2. The average annual property tax for Alameda Meadows East is $1,847.62. It is located in Maricopa County. ... Read more
Median Price: $445,000
Show all 268 Subdivisions/Buildings

Subdivisions/Buildings

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Market Trends

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Nearby Golf Courses

Rio Salado Golf Course

1490 E Weber Dr, Tempe, AZ 85281
Par 34 • 34 holes • 2358 yards

Nearby Golf Courses

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Real Estate News

Homes Just Sold in Tempe: August 26th to September 1st

Homes Just Sold in Tempe: August 26th to September 1st - September 2, 2025

Tempe had 20 sales during the week of Tuesday, August 26 to Monday, September 1, including including 10 single family homes for sale with an average list price of $631,940, ... continue reading
New Homes For Sale This Week in Tempe: August 22nd to August 28th

New Homes For Sale This Week in Tempe: August 22nd to August 28th - August 29, 2025

Tempe had 29 new homes for sale during the week of Friday, August 22 to Thursday, August 28, including including 17 single family homes for sale with an average list ... continue reading
Homes Just Sold in Tempe: August 19th to August 25th

Homes Just Sold in Tempe: August 19th to August 25th - August 26, 2025

Tempe had 24 sales during the week of Tuesday, August 19 to Monday, August 25, including including 13 single family homes for sale with an average list price of $596,546.08, ... continue reading
New Homes with Master Bedrooms on the 1st Floor in Tempe: August 16th to August 22nd

New Homes with Master Bedrooms on the 1st Floor in Tempe: August 16th to August 22nd - August 23, 2025

Tempe had 2 new homes for sale with a master bedroom on the first floor during the month of Saturday, August 16 to Friday, August 22, including 2 single ... continue reading
New Homes For Sale This Week in Tempe: August 15th to August 21st

New Homes For Sale This Week in Tempe: August 15th to August 21st - August 22, 2025

Tempe had 29 new homes for sale during the week of Friday, August 15 to Thursday, August 21, including including 20 single family homes for sale with an average list ... continue reading
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