Tempe, AZ Real Estate Search

Tempe, AZ Homes for Sale

The Tempe Real Estate Market

Tempe, Arizona is a vibrant city with a thriving real estate market. The city is home to a diverse population of students, young professionals, and families, making it a popular destination for those looking to buy or rent property. With its close proximity to Arizona State University and an abundance of amenities and attractions, Tempe offers a desirable lifestyle for residents.

Home Prices and Trends

The real estate market in Tempe has seen steady growth in recent years, with home prices steadily increasing. The median home price in Tempe is around $350,000, making it an affordable option compared to neighboring cities like Scottsdale and Phoenix. The market is competitive, with homes selling quickly and often above asking price. As a result, many buyers are turning to new construction or fixer-uppers to find affordable options in the area.

Popular Neighborhoods in Tempe

Tempe is home to a variety of neighborhoods, each with its own unique charm and amenities. Some popular neighborhoods in the area include the historic Maple-Ash neighborhood, the urban oasis of Downtown Tempe, and the family-friendly community of Kiwanis Park. Each neighborhood offers a different lifestyle and housing options, catering to a wide range of preferences and budgets.

Rental Market in Tempe

In addition to buying homes, renting is a popular option for residents in Tempe. The city offers a mix of apartments, condos, and single-family homes for rent, catering to a diverse rental market. The proximity to ASU makes Tempe a popular choice for students looking for off-campus housing, while young professionals and families also find the city appealing due to its amenities and community events.

Investment Opportunities in Tempe

With a growing population and strong job market, Tempe offers attractive investment opportunities in real estate. Investors can capitalize on the demand for rental properties, fix-and-flip projects, or long-term investment properties. The city's steady appreciation rates and high occupancy rates make it a favorable market for those looking to grow their real estate portfolio in the Southwest.

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Tempe, AZ Homes for Sale

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Newest Tempe, AZ Homes for Sale

$599,900
4 Beds 2 Baths 7047599 MLS 2,148 SqFt.
Welcome to this beautifully remodeled 4-bedroom, 2-bath home in the heart of Tempe, offering the perfect combination of style, convenience, and flexibility. No HOA! RV Gate! Every major renovation has already been completed, making this a truly move-in-ready home. Since purchasing the property, additional upgrades include a smart MyQ garage door opener, Honeywell smart thermostats, professionally installed drip irrigation, updated plumbing, reverse osmosis drinking water system, blackout shades in the bedrooms, and quality window treatments throughout. The low-maintenance landscaping allows you to spend more time enjoying the home and less time on yard work. This property is ideal as a primary residence, an Arizona State University student home, or an investment opportunity. It has been successfully operated as a highly rated 5-star Airbnb and is fully equipped to continue as a short-term rental if desired. The furnishings, décor, kitchenware, and housewares have all been thoughtfully selected to create a turnkey guest experience and are available for purchase separately, allowing a new owner to begin generating income immediately if permitted and desired. The spacious floor plan features an open living area, updated kitchen with modern appliances, and beautifully remodeled bathrooms. Whether you're looking for your next home or a ready-to-go investment property, this home offers exceptional versatility. Conveniently located near Arizona State University, Tempe Marketplace, major freeways, shopping, dining, and Sky Harbor Airport, this home combines an outstanding location with true turnkey convenience. Homes offering this level of renovation, smart home features, and investment potential rarely become available.

233 E Ellis Drive, Tempe

$625,000
3 Beds 2 Baths 7045006 MLS 2,311 SqFt.
Location, Location, Location. This one has it! Opportunity awaits in the highly desirable community in The Lakes Tempe. This home offers a spacious floor plan and endless potential to make it your own. It features 3 bedrooms, 2 bathrooms, functional floor plan, large covered patio with plenty of space for outdoor entertaining, a private pool, putting green, and an excellent location within the community, and offers an excellent opportunity for updates and customization. Residents of The Lakes enjoy outstanding amenities, including a community clubhouse, fitness center, tennis courts, pickleball courts and scenic lakes and recreational areas. Whether you're looking for a primary residence, investment property, or a home to renovate to your taste, this property offers exceptional Location, Location, Location. This one has it! Opportunity awaits in the highly desirable community in The Lakes Tempe. This home offers a spacious floor plan and endless potential to make it your own. It features 3 bedrooms, 2 bathrooms, functional floor plan, large covered patio with plenty of space for outdoor entertaining, a private pool, putting green, and an excellent location within the community, and offers an excellent opportunity for updates and customization. Residents of The Lakes enjoy outstanding amenities, including a community clubhouse, fitness center, tennis courts, pickleball courts and scenic lakes and recreational areas. Whether you're looking for a primary residence, investment property, or a home to renovate to your taste, this property offers exceptional value and potential in one of Tempe's most sought-after neighborhoods.

1536 E Edgewater Drive, Tempe

$445,000
3 Beds 2 Baths 7044337 MLS 1,539 SqFt.
Beautifully updated home in a desirable Tempe location, offering a blend of modern updates, flexible living areas, and low-maintenance outdoor living. Fresh neutral finishes, wood-look tile flooring t/out, updated lighting, and abundant natural light create a clean, move-in-ready feel from the moment you enter. The spacious floor plan features an oversized dining room with custom built-in cabinetry and shelving, providing storage and entertaining space. Multiple living areas offer flexibility for working from home, hobbies, or creating the perfect media room. The kitchen features ample cabinetry, granite counters, and stainless-steel appliances. Private backyard designed for easy maintenance and year-round enjoyment with newly installed Gazebo. Over $75k in improvements - see supplement HOME IMPROVEMENTS since purchase: Fresh interior paint throughout in 2022 Shiplap to one bedroom wall in 2024 Window blinds to all rooms in 2022 Kitchen and laundry rooms have window blinds within the doors (built in) All windows replaced by previous owner. New GE stainless steel refrigerator in 2023 11/2025 - 12'x16' aluminum gazebo for backyard 3/2025 - installed/wired 3 ceiling fans w/ light kits in all bedrooms and family room 11/2024 - replaced all cast iron sewer ($21k) 5/2023 - new HVAC 2023 - refinished tub and shower 2022 & 2023 - 2 new bathroom vanities and installation and new toilets 10/2022 - ceramic tile plank flooring throughout 10/2022 - Backyard landscape (turf, fruit trees, pavers, pots) and front yard update (pavers, add rock)

1988 E Oxford Drive, Tempe

$679,000
5 Beds 2 Baths 7043924 MLS 2,333 SqFt.
BETTER THAN NEW! This extensively renovated Tempe home has been transformed from top to bottom and offers the feel, style, and peace of mind of a brand-new home without the wait of new construction. Nearly every major component has been updated, making this a rare turnkey opportunity in an established neighborhood. Featuring 5 bedrooms and 2 beautifully remodeled bathrooms, this home showcases a completely redesigned interior with modern finishes throughout. The stunning kitchen serves as the centerpiece of the home, featuring all-new cabinetry, a large center island, new countertops, and a full suite of new stainless steel appliances. Enjoy the confidence that comes with major capital improvements already completed, including a new roof, new HVAC system, new energy-efficient windows new interior and exterior doors, updated electrical improvements, new luxury vinyl plank flooring, new baseboards, new lighting, and new ceiling fans throughout. Both bathrooms have been fully renovated with new vanities, mirrors, fixtures, and contemporary finishes. Every room reflects the quality and attention to detail expected in a new home. Situated on an oversized cul-de-sac lot, the property offers exceptional future potential. There is ample room to add both a pool and detached casita, creating the ultimate multigenerational residence, guest retreat, or income-producing opportunity. Preliminary design work has already been completed, providing a valuable head start for future expansion. Few Tempe properties offer this combination of a fully renovated home today and the flexibility to significantly increase value tomorrow. The exterior has been refreshed with new landscaping and a drip irrigation system, creating beautiful curb appeal and low-maintenance outdoor living. The expansive backyard provides endless possibilities for entertaining, recreation, RV parking, additional structures, or creating your own private resort-style oasis. Located in the heart of Tempe, just minutes from ASU, Tempe Marketplace, shopping, dining, major employers, and freeway access, this home combines the charm of an established neighborhood with the benefits of modern construction. Major Upgrades Include: " New Roof " New HVAC System " New Energy-Efficient Windows " New Interior & Exterior Doors " Completely New Kitchen " Large Kitchen Island " New Cabinets & Countertops " New Stainless Steel Appliances " Fully Remodeled Bathrooms " New Vanities, Mirrors & Fixtures " Luxury Vinyl Plank Flooring Throughout " New Baseboards " New Lighting & Ceiling Fans " Updated Electrical Improvements " New Landscaping with Drip Irrigation System " Oversized Cul-de-Sac Lot " Room for Future Pool & Casita " Preliminary Casita & Pool Design Already Completed This is not just a remodel--it's an opportunity to own a home that lives like new while offering future expansion potential rarely found in Tempe.

3234 S Allred Drive, Tempe

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