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Downtown Tempe Townhomes for Sale

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  • 154 W 5th St Unit 212, Tempe, AZ 85281
    154 W 5th St Unit 212, Tempe, AZ 85281
    154 W 5th St Unit 212, Tempe, AZ 85281
    /16

    $569,000

    • 3 Beds
    • 2 Baths
    • 1,273 Sq Ft

    154 W 5th St Unit 212, Tempe, AZ 85281

    Location, location, location! Welcome to one of the most desirable townhomes in Hayden Square, perfectly positioned on a prime corner lot in the heart of Downtown Tempe with unbeatable views of Hayden Butte (''A'' Mountain)—arguably the best in the complex. Just steps from ASU, Sun Devil Stadium, Tempe Town Lake, and all the dining, shopping, and nightlife on Mill Avenue, this property places you

    Shawni Moore Keller Williams Realty East Valley

    154 W 5th St Unit 212, Tempe, AZ 85281
  • 154 W 5th St Unit 249, Tempe, AZ 85281
    154 W 5th St Unit 249, Tempe, AZ 85281
    154 W 5th St Unit 249, Tempe, AZ 85281
    /45

    $560,000

    • 3 Beds
    • 2 Baths
    • 1,273 Sq Ft

    154 W 5th St Unit 249, Tempe, AZ 85281

    Don't miss this rare chance to own in one of Tempe's most desirable locations! This gorgeous 3-bed, 2-bath townhome in Hayden Square offers modern elegance in an UNBEATABLE LOCATION. Just steps from Mill Ave, ASU, light rail, and top dining, this is urban living at its finest. Recent remodel includes kitchen with sleek finishes, new cabinetry and appliances, plus upgraded bathrooms with

    Lexy Sanchez eXp Realty

    154 W 5th St Unit 249, Tempe, AZ 85281
  • 154 W 5th St Unit 157, Tempe, AZ 85281
    154 W 5th St Unit 157, Tempe, AZ 85281
    154 W 5th St Unit 157, Tempe, AZ 85281
    /15

    $349,899

    • 2 Beds
    • 2 Baths
    • 964 Sq Ft

    154 W 5th St Unit 157, Tempe, AZ 85281

    Location, style, and convenience come together in this incredible Tempe condo! Perfectly situated within walking distance to ASU and Mill Ave, with easy access to the airport, Old Town Scottsdale, and major freeways, this home puts you right where you want to be. Inside, you'll find a thoughtfully designed space with granite countertops, stainless steel appliances, and the convenience of an

    Bradley Stewart eXp Realty

    154 W 5th St Unit 157, Tempe, AZ 85281
Arizona Tempe Downtown Tempe

Townhomes for Sale in Downtown Tempe, Tempe

About Downtown Tempe

Downtown Tempe, centered around University Drive and Mill Avenue, is a lively neighborhood with a mix of students, retirees, and long-term residents. Arizona State University is a major influence, leading to many rental properties available for students. Major employers like Honeywell and Carvana offer job opportunities, and the light rail system makes commuting easy. The neighborhood offers a variety of things to do, including outdoor activities at Tempe Town Lake and “A” Mountain, as well as cultural experiences at the Tempe Center for the Arts and the ASU Art Museum. Mill Avenue is a hub of entertainment with venues like the Valley Art Theater and the Low Key Piano Bar. Dining options include breakfast at Snooze and craft beers at Four Peaks Brewing Company. Residential streets feature single-family ranch-style homes, condos with Pueblo and Spanish eclectic elements, and luxury high-rise units with river views. Traffic can be heavy due to ASU's growth, but the light rail provides an efficient alternative. Sky Harbor International Airport is just four miles away. Despite the typical challenges of city living, the neighborhood's amenities and vibrant atmosphere attract a diverse range of residents.

Learn more about living in Downtown Tempe

Home Trends in Downtown Tempe, AZ

On average, homes in Downtown Tempe, Tempe sell after 47 days on the market compared to the national average of 47 days. The average sale price for homes in Downtown Tempe, Tempe over the last 12 months is $601,233, up 23% from the average home sale price over the previous 12 months.

Home Trends

Median Price (12 Mo)
$500,000
Median Single Family Price
$585,000
Median Townhouse Price
$547,500
Median 2 Bedroom Price
$510,000
Median 1 Bedroom Price
$433,250
Average Price Per Sq Ft
$417
Number of Homes for Sale
22
Last 12 months Home Sales
63
Months of Supply
4.20
Median List Price
$555,000
Median Discount From 1st List Price
2%
Median Home Sale Price YoY Change
8%
How to Buy a Home How to Finance a Home How to Sell a Home

In Downtown Tempe, there are currently 3 townhouses for sale, offering a variety of options for potential buyers. With townhouses ranging from $349,899 to $569,000, there's something for every budget. As of April, 2025 the median home price in Downtown Tempe, Tempe is $555,000, while the average sale price is $601,233, providing insight into local market trends. On average, townhouses spend 47 days on the market before being sold. Whether you're interested in modern townhouses, small townhomes, or traditional rowhouses, there are options available to suit your needs. Browse properties and townhomes for sale in Downtown Tempe, Tempe, and discover the ideal residence to fit your needs.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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