The median sales price for homes in Tempe AZ for Mar 13 to May 13 was $180,190. This represents an increase of 6.9%, or $11,565, compared to the prior quarter and an increase of 13.2% compared to the prior year. Sales prices have depreciated 28.8% over the last 5 years in Tempe. The average listing price for Tempe homes for sale on Trulia was $285,763 for the week ending Jun 12, which represents a decline of 2.1%, or $6,278, compared to the prior week and a decline of 9.7%, or $30,738, compared to the week ending May 22. Average price per square foot for Tempe AZ was $123, a decrease of 98.7% compared to the same period last year. Popular neighborhoods in Tempe include Wood Park, Kyrene-Superstition, Sunset, Riverside, Meyer Park, and Alta Mira.