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LokelList Inc · License CO723498000

3636 E. Camelback Rd, Phoenix, AZ 85018 · 877-77LOKEL

Designated Broker: Karl Freund (BR586913000)

Equal Housing
Opportunity

Listing data is provided in part by the Arizona Regional Multiple Listing Service, Inc. (ARMLS), for consumers' personal, non-commercial use. All information is deemed reliable but not guaranteed and should be independently verified. Listings held by brokerages other than lokellist are marked with the ARMLS logo. © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Homes for Sale Under $500K in Tempe, AZ | lokellist

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Homes Under $500K

Homes for Sale Under $500K in Tempe, AZ

276 homes for sale

Under $500,000 is where most of Tempe actually trades, nearly six in ten listings, from condos and townhomes to the city’s classic single-family ranches.

Exclude fractional / timeshare

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47 days on market

$284,900

604 E WEBER Drive #16

2 bd2 ba1,104 sqft$258/sqft

47 days on market

$259,000

616 S HARDY Drive #118

2 bd2 ba

About Homes Under $500K

The median sits near $352,000. This band spans the whole city, the ASU-area condos and lofts of the north, the established central neighborhoods off Rural and McClintock, and the older subdivisions of the south near Kiwanis Park. In a landlocked city with tight supply and strong rental demand, it is the heart of the market. Everything below is live from the MLS.