Tucson, AZ 85711 Real Estate Market Report

ZIP Code: 85711
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the Tucson real estate market in ZIP 85711 is characterized by a median sold price of $279,990, reflecting a slight downward trend in home values. This indicates a market that has experienced a cooling phase, with prices decreasing year-over-year. The median listing price stands at $297,500, suggesting a notable gap between seller expectations and actual transaction values, which may indicate pricing friction for sellers in the current environment.

Market activity is showing signs of moderation, with median days on market reaching 261 days, indicative of slower sales velocity. The elevated inventory levels suggest excess supply relative to sales activity, contributing to a market temperature that is currently classified as neutral. This environment may provide buyers with increased negotiating power, although rental demand remains strong despite a decrease in median market rent, which is currently at $1,670.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Tucson, AZ are averaging 6.62% as of March 2026, which is 0.88% higher than the 2025 average of 5.74%.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $279,990 indicates a cooling trend in home values, with sellers facing challenges in meeting asking prices.

2. With a median days on market of 261, properties are experiencing slower sales velocity, suggesting potential pricing adjustments may be necessary.

3. The median listing price of $297,500 reflects a significant gap compared to the sold price, indicating potential pricing friction for sellers in the current market.

4. Elevated inventory levels suggest excess supply relative to sales activity, which may provide buyers with increased negotiating power.

5. The median market rent has decreased to $1,670, indicating a softening rental market despite strong demand.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.