Tempe, AZ: Real Estate and Market Insights - January 2026
Tempe has a lively, walkable feel centered around a bustling downtown and a popular university presence that keeps coffee shops, live music, and arts venues active most days. Residents enjoy plenty of outdoor time with sunny days and cool evenings that make patios, lakeside walks and bike commutes appealing, while public transit and straightforward road connections make getting to neighboring cities and major job centers relatively easy. The balance of collegiate energy and neighborhood calm gives the city an approachable, friendly vibe that suits a range of lifestyles.
Housing options range from apartment living and modern condominiums to established single-family neighborhoods, so renters, buyers and sellers can find properties that match different needs without a one-size-fits-all feel. Local amenities like parks, Tempe Town Lake, dining corridors and community events support an active social life and make everyday errands and recreation convenient, appealing to young professionals, families and downsizers alike.
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Insights for January 2026: Tempe, AZ’s Changing Housing Pattern
Tempe, AZ’s housing pattern is shifting as we step through January 2026, welcoming those searching for affordable homes in Tempe, AZ this January 2026 and sellers who want to leverage market momentum. A glance at the data suggests real opportunity: is it a good time to buy in Tempe, AZ? The following indicators make the case for both sides of the transaction.
Tempe, AZ has seen inventory stabilize at 325 active listings, with 210 new entries keeping the market fluid. The median sales price remains firm at $480,000—showcasing both long-term appreciation and current demand. Median days on market has increased to 24, calling for patience and flexibility in strategies for buyers and sellers alike.
Sellers note that 22 percent of sales closed after at least one price drop, and homes above $650,000 take longer—averaging 38 days to sell. Buyers, especially those interested in two or three-bedroom options (64 percent of listings), benefit from a wider selection and updated negotiation power. The 6.10 percent mortgage rate further supports accessibility for a range of buyers.