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

$450,000
4 Beds 2 Baths 7040780 MLS 1,791 SqFt.
Discover the perfect blend of location, flexibility, and modern updates in this refreshed Tempe home near Downtown Tempe, Arizona State University, and major transit including light rail, streetcar, Orbit bus, and Sky Harbor Airport. This spacious property offers multiple living areas with separate living and family rooms, plus a private rear master suite featuring an updated bathroom, new tiled shower, and walk-in closet. An adjoining flex room provides options for an office, gym, nursery, or bedroom. The updated kitchen includes white shaker cabinetry, quartz countertops, and a breakfast bar, making this home ideal for both comfortable living and strong rental or investment potential. Inside, you'll find thoughtful updates and versatile spaces throughout. Each secondary bedroom includes its own closet, and a nearby bonus room offers potential for a butler's pantry or workshop. Recent improvements include interior and exterior paint, newer roof (approx. 2 years), updated door hardware, and serviced A/C units (5-ton and 3-ton). Dual-pane windows enhance efficiency in the addition, while original front windows maintain mid-century character. Additional highlights include a large laundry room with washer and gas dryer hookups, an extended Arcadia door in the family room, carport parking, and accessible single-level living with a front entry ramp. The spacious lot features a newly added gate and fence on the east side yard, creating extra usable outdoor space. Note: home was not originally plumbed for a dishwasher, but space is available for a standalone unit.

1205 W 5th Street, Tempe

$1,485
1 Beds 1 Baths 7037418 MLS 550 SqFt.
Welcome to The Courtyard at Mill, a beautifully renovated, gated community in the heart of Tempe, Arizona. Be among the first to experience these thoughtfully upgraded apartment homes, where modern design meets everyday comfort. Our community offers a welcoming, park-like setting with lush landscaping, creating a peaceful retreat just minutes from the energy of downtown Tempe. Residents enjoy convenient amenities including designated covered parking, secure smart-lock entry and an on-site laundry facility for added ease. Step inside your newly renovated home and discover stylish finishes throughout, including luxury vinyl plank flooring, LED lighting, ceiling fans, and brand-new, never-before-used stainless steel appliances. Select residences elevate the experience even further with quartz countertops, private patios or balconies, in-building washers and dryers, and spacious private backyards perfect for relaxing or entertaining under the Arizona sun. Whether you're hosting at the community barbecue area, enjoying time with your pet in the dog run, or simply unwinding in your own private outdoor space, The Courtyard at Mill is designed with your lifestyle in mind. Offering spacious one-, two and three-bedroom floor plans, our community blends comfort, convenience, and modern living in an intimate, quiet setting. Ideally located just minutes from Arizona State University, the Tempe arts and entertainment district, Phoenix Sky Harbor Airport, and with easy access to the Superstition Freeway, downtown Phoenix, and Old Town Scottsdale, everything you need is within reach.

2205 S Mill Avenue, Tempe

$1,795
2 Beds 2 Baths 7035935 MLS 1,175 SqFt.
No Application Fees! Fully remodeled 2-bedroom, 2-bathroom single level Tempe townhome offering a clean, modern interior and a convenient layout. The home features tile flooring throughout with carpeting in one bedroom, complemented by neutral paint, updated fixtures, ceiling fans, and window blinds. The main living space flows naturally into the dining area and kitchen, creating an open and functional feel. The kitchen has been upgraded with quartz countertops, new cabinetry, tile backsplash, and a full appliance package including a ceramic top electric range and refrigerator. The primary suite offers a walk-in closet with built in organizer and a remodeled private bathroom. A private backyard with patio access provides additional outdoor space. Located in Tempe near Priest Drive and University Drive, this home offers excellent access to Arizona State University, Tempe Town Lake, Phoenix Zoo, and the light rail system. Close proximity to Loop 202 and I10 provides convenient commuting throughout the Valley, along with nearby shopping, dining, and entertainment options in Tempe and surrounding areas. All our residents are automatically enrolled in the Resident Benefits Package (RBP) for $55.00/month which includes Renter's Liability Insurance, Credit Building to help boost the resident's credit scores with timely rent payments, up to $1M Identity Theft Protection, HVAC air filter delivery (for applicable properties), our best-in-class resident rewards program, and much more!

423 S Terry Lane, Tempe

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