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Homes for Sale Under 500K in Tempe, AZ

396 Homes for Sale

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Price CutPrice Drop: $20K

$450,000

Views: 8

Bedrooms: 4Bds

Bathrooms: 2Ba

Area: 1,791sqft

Sale Pending

1205 W 5th Street, Tempe, AZ 85281

My Home Group Real Estate. Listing provided by ARMLS

$450,000

Views: 14

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,288sqft

Single family home for sale

2537 E La Jolla Dr, Tempe, AZ 85282

Keller Williams Arizona Realty. Listing provided by ARMLS

$449,999

Views: 1

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,258sqft

Single family home for sale

4627 S Hanna Dr, Tempe, AZ 85282

My Home Group Real Estate. Listing provided by ARMLS

HotHot

$449,900

Views: 18

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,470sqft

Single family home for sale

7720 S Heather Dr, Tempe, AZ 85284

My Home Group Real Estate. Listing provided by ARMLS

New

$449,900

Views: 2

Bedrooms: 2Bds

Bathrooms: 1Ba

Area: 1,383sqft

Single family home for sale

1019 S Butte Ave, Tempe, AZ 85281

Re/Max Fine Properties. Listing provided by ARMLS

HotHot
Price CutPrice Drop: $15K

$449,900

Views: 9

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,476sqft

Sale Pending

1914 E Auburn Dr, Tempe, AZ 85283

Keller Williams Integrity First Realty. Listing provided by ARMLS

HotHot

$449,900

Views: 12

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,250sqft

Sale Pending

5709 S Palm Dr, Tempe, AZ 85283

Offerpad Brokerage, Llc. Listing provided by ARMLS

Open House

$449,500

Views: 7

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,432sqft

Single family home for sale

2104 E Cornell Dr, Tempe, AZ 85283

Real Estate Advisors. Listing provided by ARMLS

Open House

$449,000

Views: 12

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,712sqft

Single family home for sale

334 W Riviera Dr, Tempe, AZ 85282

Az Flat Fee. Listing provided by ARMLS

Price CutPrice Drop: $15K

$449,000

Views: 15

Bedrooms: 4Bds

Bathrooms: 2Ba

Area: 1,471sqft

Single family home for sale

1734 S Shafer Dr, Tempe, AZ 85281

Gentry Real Estate. Listing provided by ARMLS

New
Open House

$449,000

Views: 3

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,199sqft

Single family home for sale

408 E Garfield St, Tempe, AZ 85288

Russ Lyon Sotheby'S International Realty. Listing provided by ARMLS

$444,500

Views: 9

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,490sqft

Single family home for sale

602 W Sesame St, Tempe, AZ 85283

Desert 2 Mountain Realty. Listing provided by ARMLS

HotHot
Price CutPrice Drop: $9.99K

$440,000

Views: 16

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,342sqft

Sale Pending

1238 W Auburn Dr, Tempe, AZ 85283

Delex Realty. Listing provided by ARMLS

$435,000

Views: 4

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,216sqft

Single family home for sale

2728 W Fremont Dr, Tempe, AZ 85282

My Home Group Real Estate. Listing provided by ARMLS

$435,000

Views: 16

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,416sqft

Single family home for sale

5824 S Judd St, Tempe, AZ 85283

Homesmart Lifestyles. Listing provided by ARMLS

$435,000

Views: 13

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,273sqft

Single family home for sale

616 E Papago Dr, Tempe, AZ 85288

West Usa Realty. Listing provided by ARMLS

Open House

$428,999

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,071sqft

Single family home for sale

911 W Colgate Dr, Tempe, AZ 85283

Orchard Brokerage. Listing provided by ARMLS

HotHot
Price CutPrice Drop: $14K

$425,000

Views: 17

Bedrooms: 2Bds

Bathrooms: 2Ba

Area: 1,313sqft

Townhouse for sale

7717 S Heather Dr, Tempe, AZ 85284

Desert Properties Realty. Listing provided by ARMLS

$425,000

Views: 9

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,048sqft

Single family home for sale

324 W Santa Cruz Dr, Tempe, AZ 85282

Keller Williams Integrity First Realty. Listing provided by ARMLS

HotHot
Open House

$415,000

Views: 12

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,288sqft

Single family home for sale

424 W Santa Cruz Dr, Tempe, AZ 85282

Russ Lyon Sotheby'S International Realty. Listing provided by ARMLS

Showing 85 - 126 of 396 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
  • mls-img

    Based on information from the Arizona Regional Multiple Listing Service through Oct 29, 2026, 11:15 PM. 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

396

Homes Available

Median List Price icon

$ 475,000

Median List Price

Avg on Market icon

65 Days

Avg on Market