Neighborhood guide · Tempe

Downtown Tempe, AZ

Downtown Tempe is the area along Mill Avenue between Tempe Town Lake and the Arizona State University Tempe campus. Downtown Tempe is mostly mid-rise and high-rise condos and apartments, with older single-family homes in nearby neighborhoods such as Maple-Ash.

Downtown Tempe, Arizona
Photo by Dicklyon, CC BY-SA 4.0, via Wikimedia Commons (Tempe Town Lake). See the file page for full license terms. Not an MLS or listing photo.

What do homes cost in Downtown Tempe?

Live ARMLS market stats · Downtown Tempe

See every listing →

Median list price

$474,900

75 active homes

Median price per sq ft

$353

list price ÷ square feet

Median days on market

87 days

active listings

Months of supply

10.2

27 sales in the last 90 days

Typical asking price range (middle half of active listings): $298,000 – $698,000.

Source: active ARMLS residential listings for sale in and around Downtown Tempe, via Ivy Realty IDX, updated Oct 12, 2026, 1:05 PM (Arizona time). Months of supply = active listings ÷ average monthly closed sales over the last 90 days (ARMLS). Updates automatically as the MLS refreshes.

Local sold dataTempe (May 2026)
Median sold price$483,000
Median days on market54 days
Median sold price per sq ft$288
Homes sold in period138

Source: Redfin Data Center — housing market tracker, all residential sales; data published June 2, 2026. City figures are one month; neighborhood and ZIP figures are a 3-month rolling window. Where Redfin does not publish a neighborhood, the ZIP code that contains it is shown and named. Typical rent in Tempe: $1,649/mo (Zillow Observed Rent Index (ZORI), August 2026).

Homes for sale in Downtown Tempe

111 active ARMLS listings in and around Downtown Tempe, newest first.

Photo of 1218 W HOWE Street, Tempe

$789,900

1.1 mi
1218 W HOWE Street, Tempe 85281
4 bd3 ba2,662 sqft

Listed by Citiea · 480-870-3119

Courtesy of ARMLS · MLS# 7091408 · Presented by Ivy Realty

Photo of 514 W 11TH Street W, Tempe

$699,900

0.6 mi
514 W 11TH Street W, Tempe 85281
4 bd2 ba1,754 sqft

Listed by West USA Realty · 480-893-0600

Courtesy of ARMLS · MLS# 7092116 · Presented by Ivy Realty

Want a tour, disclosures, or homes like these that just hit the market? Tell us what you need and the matching form connects you with the best-fit Ivy Realty agent.

Where is Downtown Tempe on the map?

Mill Avenue's shops and restaurants, Tempe Town Lake, Tempe Beach Park and the ASU campus are connected by Valley Metro light rail and the Tempe Streetcar.

Loading map...

Agent pins are placed at the nearest major intersection, the same as the homepage map. Parcel lines: Maricopa County GIS.

How far is Downtown Tempe from major job centers?

Downtown Tempe is about 4 miles straight-line from Phoenix Sky Harbor Airport, its closest major job center.

~4 mi

straight-line, not drive time

Phoenix Sky Harbor Airport

~8 mi

straight-line, not drive time

Downtown Phoenix

~9 mi

straight-line, not drive time

Price Corridor (Chandler)

~14 mi

straight-line, not drive time

Scottsdale Airpark

Straight-line distance, not drive time. Check a mapping app for drive and transit times.

Which schools and parks serve Downtown Tempe?

Downtown Tempe is served by the school districts and park systems linked below; confirm the assigned school for any address on the district site.

Is there an HOA or new construction in Downtown Tempe?

HOA

Downtown condos have homeowners associations; older single-family streets generally do not.

New construction

Downtown Tempe has ongoing high-rise residential and office construction around Tempe Town Lake.

Get matched with an Ivy Realty agent for Downtown Tempe

How it works

Ivy AI searches live ARMLS listings. Describe what you want in plain English and it surfaces real, current homes that match right away.

One short form, one matched agent. The agent-matching form picks the best Ivy Realty agent for you based on location, experience, languages spoken and related factors, emails that agent directly, and shows you only the agent's name, location, experience and languages.

Get matched with an Ivy Realty agent for Downtown Tempe

Who is the Ivy Realty agent for Downtown Tempe?

Coverage in Downtown Tempe is opening

No Ivy Realty agent is pinned inside Downtown Tempe yet. The homepage map shows every agent across Maricopa County, and any of them can help here.

Find the nearest agent on the map

What would you like to do in Downtown Tempe?

Buyers

See homes in Downtown Tempe

Tell the local agent what to search for and get matching homes sent to you.

Find an agent on the map

Coverage in Downtown Tempe is opening.

Sellers

What is my home worth?

Get a pricing opinion based on recent nearby sales, prepared by the local agent.

Find an agent on the map

Coverage in Downtown Tempe is opening.

Investors

Rental range + management

Typical rent in Tempe: $1,649/mo (Zillow Observed Rent Index (ZORI), August 2026).

Ask for a property-specific range, plus a property-management consult.

Goes to Ivy Clay, designated broker, who assigns the right local agent.

Agents

Work Downtown Tempe with Ivy

This page's URL already exists: ivyrealty.ai/areas/downtown-tempe. Your name goes on it when you activate.

Join to work Downtown Tempe

Have a question about Downtown Tempe?

Ask about Downtown Tempe

AI assistant. Answers from this page and its linked public sources only. It never guesses prices, rents or school ratings.

Hi! Ask me anything about Downtown Tempe from this page. Are you buying, selling, investing, or an agent looking to join?
Find the nearest agent on the map

The agent receives your question, this chat and this page.

Downtown Tempe FAQ

How much do homes cost in Downtown Tempe right now?+

As of October 12, 2026, the 75 active ARMLS listings in and around Downtown Tempe have a median list price of $474,900, and the middle half are listed between $298,000 and $698,000, a median of $353 per square foot. These figures update automatically with the MLS.

Get matched with an Ivy Realty agent →
How quickly are homes selling in Downtown Tempe?+

Active listings in and around Downtown Tempe have been on the market a median of 87 days. ARMLS shows 27 closed residential sales in the same area over the last 90 days, or about 10.2 months of supply at the current pace.

Get matched with an Ivy Realty agent →
Which school districts serve Downtown Tempe?+

Downtown Tempe is served by Tempe Elementary School District, Tempe Union High School District. School assignment depends on the exact address, so confirm it with the district before you buy. Official school data is on Arizona School Report Cards (azreportcards.azed.gov).

Get matched with an Ivy Realty agent →
How long is the commute from Downtown Tempe?+

Downtown Tempe is about 4 miles straight-line from Phoenix Sky Harbor Airport and about 8 miles straight-line from Downtown Phoenix. Check a mapping app for live drive and transit times.

Get matched with an Ivy Realty agent →
Do homes in Downtown Tempe have an HOA?+

Downtown condos have homeowners associations; older single-family streets generally do not.

Get matched with an Ivy Realty agent →
What kinds of homes are in Downtown Tempe?+

Downtown Tempe is mostly mid-rise and high-rise condos and apartments, with older single-family homes in nearby neighborhoods such as Maple-Ash.

Get matched with an Ivy Realty agent →
How do I get matched with an Ivy Realty agent for Downtown Tempe?+

Use the agent-matching form on this page. It picks the best Ivy Realty agent for Downtown Tempe based on location, experience, languages spoken and related factors, emails that agent directly, and shows you only the agent's name, location, experience and languages.

Get matched with an Ivy Realty agent →
Equal Housing Opportunity logo

Equal Housing Opportunity

    Get Started