Why Live in South Tempe
South Tempe, located near Arizona State University and downtown Tempe, features a variety of outdoor amenities and housing options. The neighborhood has seen significant growth over the past decade, driven by job opportunities and new real estate developments. Housing options include Spanish Revival homes with tiled roofing and spacious ranch houses, with prices ranging from $550,000 to $800,000. Custom-built estates in communities like Raintree or Buena Vista Ranchos can range from $1.1 million to $2.4 million. South Tempe offers numerous things to do, including shopping and dining along Elliot, Guadalupe, and Baseline roads, and visiting Arizona Mills and the Sea Life Arizona Aquarium. The area is home to several parks connected by the canal system and off-street paths for cyclists and pedestrians. The Tempe Sports Complex features ball fields, soccer fields, pickleball courts, and an off-leash dog park, while Kiwanis Park offers softball fields for youth sports. Highly rated schools in the area include Kyrene Del Norte Elementary School and Kyrene Middle School. Residents benefit from convenient access to the 101 Freeway, with Phoenix Sky Harbor International Airport just 15 minutes away and Downtown Phoenix 20 to 25 minutes away. Public transportation options include bus routes and light rail connections, and the Tempe Bikeway provides a network of bike lanes and multi-use paths.
Home Trends in South Tempe, AZ
On average, homes in South Tempe, Tempe sell after 52 days on the market compared to the national average of 70 days. The median sale price for homes in South Tempe, Tempe over the last 12 months is $520,000, down 10% from the median home sale price over the previous 12 months.
Median Sale Price
$520,000
Median Single Family Sale Price
$520,000
Median Townhouse Sale Price
$290,000
Median 2 Bedroom Sale Price
$292,500
Median 1 Bedroom Sale Price
$385,000
Average Price Per Sq Ft
$326
Number of Homes for Sale
22
Last 12 months Home Sales
229
Median List Price
$580,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-10%