Tempe – Arizona

The Tempe market in mid-2025 leans toward a buyer-friendly or balanced state, particularly compared to the red-hot last few years. Inventory is rising, giving buyers more options. Price reductions signal a cooling—but buyers still contend with elevated financing costs. Annual appreciation is modest, even flat or negative in some areas. Core neighborhoods like Downtown Tempe show steep volatility; broader citywide trends are more moderate.