Thinking about buying or selling a home in Tempe, Arizona? Here’s what you need to know about the latest Tempe residential real estate trends for March 2025 — and why now might be a smart time to make a move!
📈 Key Tempe Housing Market Stats:
- Active Listings are up 88.9% compared to this time last year, giving buyers more options to choose from.
- Sold Listings have decreased by 10.8%, meaning homes are staying on the market longer.
- Months of Supply has jumped by 111.8%, another sign Tempe is shifting towards a buyer’s market.
- Median Sale Price per Square Foot has slightly increased by 0.7% to $299.52.
- Median Days on Market has increased by 17.6%, with homes now spending an average of 40 days before selling.
🏡 What This Means for Buyers:
If you’ve been waiting for the right time to buy in Tempe, opportunity is knocking. With inventory up and competition cooling, buyers can take more time to find the perfect home — and may even have room to negotiate better deals.
📈 What This Means for Sellers:
While it’s still possible to sell for a strong price (given the slight increase in median $/SF), homes are taking longer to sell. Strategic pricing, proper staging, and strong marketing will be key to standing out in today’s market.
Curious about how these market changes affect you?
Whether you’re buying your first home or selling your current one, I’m here to help you navigate the Tempe real estate market with confidence.
📞 Contact Craig Shumway today at (480) 415-8219 or email cgshumway@gmail.com for a personalized consultation!
