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 296 single family homes for sale with an average list price of $700,403.06, 132 townhouses for sale with an average list price of $371,899.46, 73 condos for sale with an average list price of $605,668.60, and 11 lots for sale with an average list price of $975,272.73. The average annual property tax for Tempe is $2,213.04.

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
Joseph P. Spracale Elementary School Tempe Elementary School District Elementary K-5
Kachina Elementary School Peoria Unified School District Elementary PK, KG-8
Kiva Elementary School Scottsdale Unified District Elementary PK, KG-6
Kyrene de la Colina School Kyrene Elementary District Elementary PK, KG-5
Franklin at Alma Elementary Mesa Unified District Elementary PK-6
Kyrene de la Esperanza School Kyrene Elementary District Elementary PK, KG-5
Kyrene Monte Vista 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 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
Nevitt Elementary School Tempe Elementary School District Elementary PK, KG-5
Pueblo Del Sol Middle School Isaac Elementary District Elementary K-8
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
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
Meyer Montessori School Tempe Elementary School District Elementary K-5
O'Connor Elementary School Mesa 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
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
South Mountain High School Phoenix Union High School District High 9-12
Tempe High School Tempe 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 93 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.

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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 $606,290 and 2 townhouses for sale with an average list price of $444,950. The homes range in size from 1,289 ft2 to 3,458 ft2. The average annual property tax for Warner Ranch is $3,179.78. ... Read more
Median price: $630,000

Neighborhoods

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Subdivisions/Buildings

Subdivisions/Buildings Median Price
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525 Town Lake

525 Town Lake is a townhouse and condo community in Tempe, Arizona, built between 2006 and 2007. It currently has 1 townhouse for sale with a list price of $540,000 and 2 condos for sale with an average list price of $541,000. The homes range in size from 1,336 ft2 to 1,603 ft2. The HOA fees range from $385 to $505 per month. The average annual property tax for 525 Town Lake is $3,070.65. It is located in Maricopa County. Nestled in the vibrant heart of Tempe, 525 Town Lake offers residents an array of modern amenities that enhance everyday living, including a sparkling resort-style pool with cabanas for relaxation, a state-of-the-art fitness center equipped with yoga studios and cardio machines, and lush communal green spaces perfect for outdoor gatherings or pet-friendly strolls. Beyond the subdivision's gates, the area buzzes with nearby attractions like scenic walking trails along the waterfront for jogging or biking, lively entertainment venues hosting concerts and festivals, and easy access to cultural hotspots such as art galleries and theaters for immersive experiences. Dining options abound with trendy spots serving everything from craft burgers and gourmet tacos to fresh sushi and artisanal coffee, while adventure seekers can explore nearby desert hiking paths or paddleboard rentals on the lake. For essential health needs, the neighborhood is conveniently close to well-regarded urgent care centers and pharmacies, ensuring peace of mind for families and individuals alike. ... Read more
Median Price: $550,000
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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 $455,000. The homes range in size from 1,218 ft2 to 1,485 ft2. The HOA fees range from $175 to $295 per month. The average annual property tax for Abby Lane is $2,191. It is located in Maricopa County. ... Read more
Median Price: $440,000
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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 no homes for sale. The homes range in size from 2,272 ft2 to 3,770 ft2. The HOA fees range from $60 to $75 per month. The average annual property tax for Alameda Estates is $4,988.70. It is located in Maricopa County. Just a short stroll or drive away, food enthusiasts can savor diverse cuisines at spots like The Chuckbox for juicy burgers or Café Lalibela for authentic Ethiopian dishes. For fun activities, locals enjoy kayaking adventures on nearby waterways or catching live performances at the Tempe Center for the Arts. Exploration options abound with hiking trails in the scenic South Mountain Preserve, offering stunning desert vistas and wildlife spotting. Essential health services are conveniently accessible, such as Banner Health clinics providing comprehensive care and urgent care centers for quick medical needs, ensuring peace of mind for residents. ... Read more
Median Price: $954,750
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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 no homes for sale. The homes range in size from 1,108 ft2 to 2,340 ft2. The average annual property tax for Alameda Meadows is $1,840.09. It is located in Maricopa County. Just a short distance away, residents can savor diverse dining options like the flavorful tacos at Barrio Queen or the fresh brews at Four Peaks Brewing Company, while adventure seekers might enjoy kayaking on Tempe Town Lake or catching a game at the nearby Arizona State University stadium. For exploration, the vibrant Mill Avenue district offers eclectic shops and live music venues, and nature lovers can delve into the scenic trails of Papago Park. Essential health services are conveniently accessible, with facilities like Tempe St. Luke's Hospital providing comprehensive care for routine check-ups or emergencies, ensuring peace of mind for families in the area. ... Read more
Median Price: $499,975
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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 $614,900. The homes range in size from 1,374 ft2 to 1,898 ft2. The average annual property tax for Alameda Meadows East is $1,951.72. It is located in Maricopa County. Just a short distance away, residents can savor diverse dining options like the fresh Mexican flavors at Barrio Queen or craft burgers at The Chuckbox, while adventure seekers might enjoy kayaking on Tempe Town Lake or catching live music at the Marquee Theatre. For exploration, the nearby Papago Park offers scenic hiking trails amid stunning red rock formations, and families can delight in the interactive exhibits at the Arizona Science Center. Essential health services are conveniently accessible, with facilities like Banner Urgent Care providing prompt medical attention for routine needs. ... Read more
Median Price: $489,000
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: February 24th to March 2nd

Homes Just Sold in Tempe: February 24th to March 2nd - March 3, 2026

Tempe had 42 sales during the week of Tuesday, February 24 to Monday, March 2, including including 25 single family homes for sale with an average list price of $633,481.96, ... continue reading
New Homes with Master Bedrooms on the 1st Floor in Tempe: February 21st to February 27th

New Homes with Master Bedrooms on the 1st Floor in Tempe: February 21st to February 27th - February 28, 2026

Tempe had 6 new homes for sale with a master bedroom on the first floor during the month of Saturday, February 21 to Friday, February 27, including 3 single ... continue reading
New Homes For Sale This Week in Tempe: February 20th to February 26th

New Homes For Sale This Week in Tempe: February 20th to February 26th - February 27, 2026

Tempe had 49 new homes for sale during the week of Friday, February 20 to Thursday, February 26, including including 26 single family homes for sale with an average list ... continue reading
Homes Just Sold in Tempe: February 17th to February 23rd

Homes Just Sold in Tempe: February 17th to February 23rd - February 24, 2026

Tempe had 28 sales during the week of Tuesday, February 17 to Monday, February 23, including including 17 single family homes for sale with an average list price of $539,912.47, ... continue reading
New Homes with Master Bedrooms on the 1st Floor in Tempe: February 14th to February 20th

New Homes with Master Bedrooms on the 1st Floor in Tempe: February 14th to February 20th - February 21, 2026

Tempe had 2 new homes for sale with a master bedroom on the first floor during the month of Saturday, February 14 to Friday, February 20, including 1 single ... continue reading
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