Tucson, AZ 85716 Real Estate Market Report

ZIP Code: 85716
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, particularly in the 85716 area, has demonstrated a median sold price of $349,000, reflecting a stable market environment. This price point indicates a solid foundation for market transactions, suggesting that buyers are willing to meet seller expectations within this price range. The market has seen an up trend in pricing year-over-year, which may indicate a strengthening demand despite the current economic conditions.

Transaction activity appears moderate, with 304 days on market indicating a slower sales velocity. This extended timeframe may suggest a degree of pricing friction, as sellers adjust their expectations in response to market conditions. Additionally, the median listing price stands at $365,000, creating a notable gap between asking and selling prices, which could reflect cautious buyer sentiment in the face of elevated inventory levels. Overall, the market temperature remains neutral, indicating a balanced dynamic between buyers and sellers, which is essential for sustained market health.

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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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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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.

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Key Findings

1. The median sold price of $349,000 indicates a stable market, with recent transactions reflecting buyer willingness to meet seller expectations.

2. Transaction velocity is slower, with 304 days on market, suggesting potential pricing friction and a need for sellers to adjust expectations.

3. The median listing price of $365,000 creates a notable gap compared to the sold price, indicating cautious buyer sentiment in the current market.

4. Year-over-year trends show prices are up, suggesting a strengthening demand despite moderate sales activity.

5. Rental prices have seen a down trend, which may impact overall buyer sentiment and investment strategies in the area.

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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.