Homes for Sale Under 250K in Tempe, AZ

72 Homes for Sale

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Photo 3 of Townhouse for sale at 904 S Melody Ln, Tempe, AZ 85281 | MLS# 7084170 | Listing updated on 2026-09-24Photo 1 of Townhouse for sale at 904 S Melody Ln, Tempe, AZ 85281 | MLS# 7084170 | Listing updated on 2026-09-24Photo 2 of Townhouse for sale at 904 S Melody Ln, Tempe, AZ 85281 | MLS# 7084170 | Listing updated on 2026-09-24

$235,000

count-img 2

2Bds

2Ba

1,037sqft

Townhouse for sale

904 S Melody Ln, Tempe, AZ 85281

Berkshire Hathaway Homeservices Arizona Properties. Listing provided by ARMLS

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Tempe, AZ Housing Market Overview

Tempe is a balanced market, giving buyers and sellers room to negotiate. With 1.6 months of supply and homes averaging 58 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

58

Inventory

498

Aug 2021Apr 2024Jun 2026

Median Home Price

$480,500Down 8.48%

In Jun 2026 · YoY

Aug 2021Apr 2024Jun 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
498 Up 11.16%
Newly Listed Homes
149 Up 6.43%
Months of Supply
1.6 Down 31.54%

Housing Demand

Homes Sold
315 Up 62.37%
Sale-to-List Ratio
97.3% Up 0.05%
Homes Sold Above List
12.7% Up 5.22%

30-yr fixed rate 6.23% · Data as of Jun 2026 · Source: Houzeo Research.

View Full Tempe Market Report
No. of Homes
Prices
Days on Market
Homes for Sale Maricopa
25,903
$349,900
-
Homes for Sale Phoenix
6,483
$345,000
62
Homes for Sale Scottsdale
2,723
$547,500
75
Homes for Sale Prescott
2,425
$614,500
57
Homes for Sale Mesa
2,421
$399,450
62
Homes for Sale Surprise
1,733
$402,650
89
Homes for Sale Buckeye
1,496
$400,000
-
Homes for Sale San Tan Valley
1,388
$431,000
-
Homes for Sale Peoria
1,175
$534,000
-
Homes for Sale Glendale
1,069
$450,000
-
Homes for Sale Gilbert
1,068
$490,000
57
Homes for Sale Chandler
957
$420,180
56
Homes for Sale Casa Grande
847
$302,450
82
Homes for Sale Prescott Valley
831
$463,500
54
Homes for Sale Queen Creek
705
$625,870
87
Homes for Sale Sedona
384
$949,000
65
Homes for Sale Payson
374
$447,000
64
Homes for Sale Flagstaff
297
$765,075
61
Homes for Sale Show Low
288
$505,000
78
Homes for Sale Sierra Vista
285
$274,000
59
No. of Homes
Houses for Sale in Sunset, Tempe
22
Houses for Sale in The Lakes, Tempe
20
Houses for Sale in Riverside, Tempe
15
Houses for Sale in Wilson Art & Garden, Tempe
12
Houses for Sale in Chesapeake, Tempe
11
Houses for Sale in Papago Park View, Tempe
8
Houses for Sale in Juniper Watson, Tempe
8
Houses for Sale in Kiwanis Park, Tempe
8
Houses for Sale in Southern Palms, Tempe
8
Houses for Sale in Scudder Park West, Tempe
7
Houses for Sale in Meyer Park, Tempe
7
Houses for Sale in The Lofts At Orchidhouse, Tempe
7
Houses for Sale in Gililland, Tempe
7
Houses for Sale in Papago Park Village, Tempe
7
Houses for Sale in Chaparral, Tempe
7
Houses for Sale in Mitchell Park, Tempe
6
Houses for Sale in University Heights, Tempe
6
Houses for Sale in Broadmor, Tempe
6
Houses for Sale in Dromedary, Tempe
6
Houses for Sale in Optimist Park Northwest, Tempe
6
  • mls-img

    Based on information from the Arizona Regional Multiple Listing Service through Sep 30, 2026, 11:15 AM. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Listing Information presented by local MLS brokerage: Sell Your Home Services, local REALTOR®- Dan Demers (774) 265-0879. Information is provided exclusively for personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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Tempe, AZ Housing Marketlink qauare
Homes Available icon

72

Homes Available

Median List Price icon

$ 480,500

Median List Price

Avg on Market icon

58 Days

Avg on Market

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