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Homes for Sale Under 400K in Tempe, AZ

265 Homes for Sale

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Photo 1 of Townhouse for sale at 3330 S Elm St, Tempe, AZ 85282 | MLS# 7091527 | Listing updated on 2026-10-09

$333,000

Views: 10

Bedrooms: 4Bds

Bathrooms: 3Ba

Area: 1,704sqft

Townhouse for sale

3330 S Elm St, Tempe, AZ 85282

Dr Win Realty Llc. Listing provided by ARMLS

Photo 1 of Townhouse for sale at 328 W Lodge Dr, Tempe, AZ 85283 | MLS# 7041783 | Listing updated on 2026-10-10

$327,000

Views: 17

Bedrooms: 2Bds

Bathrooms: 2Ba

Area: 1,070sqft

Townhouse for sale

328 W Lodge Dr, Tempe, AZ 85283

Gilmore R. E. & Management. Listing provided by ARMLS

Photo 1 of Townhouse for sale at 1609 E Malibu Dr, Tempe, AZ 85282 | MLS# 7097376 | Listing updated on 2026-10-23

$325,000

Bedrooms: 3Bds

Bathrooms: 3Ba

Area: 1,704sqft

Townhouse for sale

1609 E Malibu Dr, Tempe, AZ 85282

Keller Williams Integrity First Realty. Listing provided by ARMLS

Price CutPrice Drop: $5K
Photo 1 of Townhouse for sale at 415 E Redmon Dr, Tempe, AZ 85283 | MLS# 7079518 | Listing updated on 2026-10-05

$324,900

Views: 23

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,220sqft

Townhouse for sale

415 E Redmon Dr, Tempe, AZ 85283

Realty One Group. Listing provided by ARMLS

Price CutPrice Drop: $15.1K
Photo 1 of Sale Pending at 1407 E Malibu Dr, Tempe, AZ 85282 | MLS# 7062110 | Listing updated on 2026-10-28

$309,900

Views: 14

Bedrooms: 3Bds

Bathrooms: 3Ba

Area: 1,704sqft

Sale Pending

1407 E Malibu Dr, Tempe, AZ 85282

Re/Max Fine Properties. Listing provided by ARMLS

Showing 85 - 126 of 265 homes for sale in Tempe, AZ

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Tempe, AZ Housing Market Overview

Tempe is a balanced market, giving buyers and sellers room to negotiate. With 5 months of supply and homes averaging 65 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

65

Inventory

499

Sep 2021Jun 2024Sep 2026

Median Home Price

$475,000Up 1.06%

In Sep 2026 · YoY

Sep 2021Jun 2024Sep 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
499 Up 40.96%
Newly Listed Homes
532 Up 22.86%
Months of Supply
5 Up 61.29%

Housing Demand

Homes Sold
300 Down 13.04%
Sale-to-List Ratio
97.5% Up 0.37%
Homes Sold Above List
11% Up 18.53%

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

View Full Tempe Market Report
No. of Homes
Houses for Sale in The Lakes, Tempe
22
Houses for Sale in Sunset, Tempe
20
Houses for Sale in Riverside, Tempe
15
Houses for Sale in Wilson Art & Garden, Tempe
12
Houses for Sale in Chesapeake, Tempe
10
Houses for Sale in Southern Palms, Tempe
9
Houses for Sale in Scudder Park West, Tempe
8
Houses for Sale in Gililland, Tempe
8
Houses for Sale in Kiwanis Park, Tempe
8
Houses for Sale in Juniper Watson, Tempe
8
Houses for Sale in Papago Park View, Tempe
7
Houses for Sale in The Lofts At Orchidhouse, Tempe
7
Houses for Sale in Daley Park, Tempe
6
Houses for Sale in Optimist Park Northeast, Tempe
6
Houses for Sale in Optimist Park Southwest, 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
Houses for Sale in Park Riviera Townhouse, Tempe
6
Houses for Sale in Chaparral, Tempe
6
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  • mls-img

    Based on information from the Arizona Regional Multiple Listing Service through Oct 30, 2026, 7:15 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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Homes Available icon

265

Homes Available

Median List Price icon

$ 475,000

Median List Price

Avg on Market icon

65 Days

Avg on Market