Welcome to Tempe, AZ

Welcome to the heart of the metropolitan area here in Phoenix.

This is not just a college t own, but a community filled with variety & inspiration around every corner. Stocked with f un experiences and culture to enhance everyday life. Yes, we are home to one of the largest public universities i n t he nation which contributes to our resident’s median age of 28; Landlocked – Tempe Has a total area of 40.2 sq miles with Tempe Lake, Kiwanis Lake, Desert Breeze l ake t here is space for all t o enjoy. Tempe is among the Top 100 Cities to live in & retire in. It is also among the Top Best Cities for Young Professionals.

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TEMPE, AZ  MARKET

September 14, 2022
This week the median list price for Tempe, AZ is $550,000 with the market action index hovering around 55. This is less than last month’s market action index of 64. Inventory has increased to 202.

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

ACTIVE LISTINGS

MEDIAN LIST PRICE

MONTHLY SALES

AVG. PRICE PER SQ. FT.

Data as of 09-14-22 courtesy of ARMLS® and First American Title

WHAT YOU NEED TO KNOW

From the beginning water has always been a dire need throughout the valley- so the completion of Roosevelt Dam in 1911 guaranteed enough water to meet the growing needs of Valley farmers. On his way to dedicate the dam, former President Theodore Roosevelt applauded the accomplishments of the people of central Arizona and predicted that their towns would be prosperous cities in the future. Less than a year later, Arizona was admitted as the 48th state, and the Salt River Valley continued to develop. Now, Tempe is a thriving city, and the largest portion of Tempe’s population work in healthcare and social services & Tech which is easy with an increasing number of biotech and healthcare companies:: Beckton Dickinson, Cranial Technologies, Cigna Healthcare of Arizona, Tempe St. Luke’s Hospital, Sonora Quest Laboratories, Express Scripts, Medtronic, ASU Biodesign Institute, Reproductive Medical Institute.

With a projected growth of 49.9% in the Tempe job market over the next ten years there are employment opportunities abound in varied fields such as education, business services, finance to name a few. Tempe commits to these priorities: safe & secure communities, strong community connections, quality of life, sustainable growth & development, and financial stability & vitality. Come be a part of t his thriving city!

Things to know: Tempe, AZ
Tempe, AZ | Team Beery

WHY CHOOSE TEMPE?

Tempe boasts 50 public and neighborhood parks that feature a wave pool, water slides, splash pads, sports courts, play areas, and more. Hosting a park per square mile with improvement plans to enhance future uses. Multiple museums, plenty of outdoor activities, and diversity create a beautiful community. Live at the heart of Phoenix with access to the vibrant and growing valley!

What you need to know: Tempe, AZ

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