The Lakes of Tempe Real Estate Market: Fall 2026
Benjamin Birk October 28, 2026
Benjamin Birk October 28, 2026
There are 18 active listings in The Lakes right now, plus 2 coming soon and 1 under contract taking backup offers. That's up from 13 in May. The median list price is $540,000 and median price per square foot is $288. Active listings have been on the market a median of 69 days. Part of the lower median price is the mix: 7 of the 18 are condos and townhomes listed under $500,000.
9 homes closed in the last 90 days: 1 in late July, 4 in August, 3 in September and 1 so far in October. The median sold price was $640,000, close to May's $650,000. Median price per square foot was $298, in line with the $299 we saw in May. The median seller got 97.4% of their list price.
The bigger change is pace. With 18 homes for sale and about 3 sales a month, The Lakes is at roughly 6 months of supply, up from 2.6 in May. Buyers have more options and more room to negotiate, and 2 of the 9 sellers paid concessions. Homes priced right still go fast. 1544 E Driftwood Dr sold in 5 days, and 955 E Eveningstar Ln went under contract the day it listed.
Address | Square Footage | Sold Price | Sold Price/Square Foot |
|---|---|---|---|
5619 S Crows Nest Rd | 1,282 | $489,000 | $381.44 |
1421 E Whalers Way | 2,694 | $670,000 | $248.70 |
1544 E Driftwood Dr | 1,620 | $515,000 | $317.90 |
1613 E Weathervane Ln | 2,670 | $685,000 | $256.55 |
955 E Eveningstar Ln | 1,947 | $675,000 | $346.68 |
1204 E Commodore Pl | 2,424 | $609,900 | $251.61 |
971 E Lobster Trap Ln | 1,762 | $525,000 | $297.96 |
1225 E Harbor View Dr | 1,920 | $695,000 | $361.98 |
933 E Leeward Ln | 2,513 | $640,000 | $254.68 |
Stay up to date on the latest real estate trends.
Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact us today.