Tucson, AZ 85711 Real Estate Market Report

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

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Executive Overview

As of February 2026, the Tucson housing market, specifically in the 85711 ZIP code, is characterized by a median sold price of $299,000, reflecting a cooling trend with home prices having decreased year-over-year. This decline suggests a shift in market dynamics, as the area adjusts to elevated inventory levels and longer selling times, with homes averaging 184 days on market. Despite these challenges, forecasts indicate potential for modest appreciation moving forward, driven by stable economic fundamentals in sectors such as education and healthcare.

The current market conditions reveal a median listing price of $322,450, which indicates a notable gap between seller expectations and actual transaction values. The presence of elevated inventory relative to sales activity may suggest a more balanced market environment, although transaction volume remains moderate. With median market rent at $1,670, the rental market also reflects a downward trend, further complicating the overall housing landscape in the region.

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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 the Tucson, AZ market average around 6.01% to 6.38%, which is notably lower than the 6.87% average seen one year ago, presenting a cost-saving opportunity for recent borrowers.

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 $299,000 indicates a significant gap from the median listing price of $322,450, suggesting potential pricing friction for sellers.

2. Homes are taking an average of 184 days on market, indicating a slower sales velocity and a shift towards a more balanced market environment.

3. The market temperature is currently neutral, reflecting a balance between buyer and seller activity amidst elevated inventory levels.

4. Year-over-year trends show that both home prices and rents are down, which may indicate a cooling market and potential challenges for property owners.

5. Current interest rates for 30-year fixed mortgages range from 6.01% to 6.38%, which is lower than the previous year's average, presenting a cost-saving opportunity for buyers.

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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.