Tempe, Arizona Condos for Sale

Tempe Condominium Listings October 19, 2021
166
Listed
51
Avg. DOM
$279.28
Avg. $ / Sq.Ft.
$314,950
Med. List Price
166 Properties
Page 1 of 14

The Tempe, Arizona Condominium Market

The market for condominiums in Tempe is diverse, to say the least.  Prices can range from under $200,000 to nearly 10 times that at Bridgeview or Edgewater condominiums.

The market for condos in Tempe has been historically strong, especially near the ASU campus or the lightrail.  I see the Downtown Tempe area growing substantially over the next 10 years with a massive initiative from the University to push for more student housing and the subsequent infrastructure projects that will preceed that.

The condominiums near Tempe Town Lake are the most pricey you can get, and rival prices seen in Scottsdale.  The Tempe Town Lake area particularly has seen massive investment both in the commerical and residential sectors, making that a new urban hub that currently offers dining, entertainment, and cultural activites.  If I were to purchase a condominium in Tempe it would be towards downtown Tempe simply for the location, value, and my gut tells me that will be an area of higher than average price appreciation.

Karl Freund
Designated Broker
Kenneth James Realty