Tucson, AZ 85742 Real Estate Market Report

ZIP Code: 85742
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Tucson, AZ (ZIP: 85742) is characterized by a median sold price of $372,000, reflecting actual transaction values in the area. This price point indicates a stable market, especially in a broader context where many regions are experiencing price softening. The median listing price stands at $399,999, suggesting a notable pricing gap that may indicate seller expectations are not fully aligned with current buyer sentiment.

Market activity shows signs of slower sales velocity, with median days on market reaching 253 days. This extended timeframe suggests a more cautious buyer approach, likely influenced by elevated interest rates, which are currently averaging between 6.38% and 6.73%. The market temperature is classified as neutral, indicating a balanced state where neither buyers nor sellers hold a distinct advantage. Elevated inventory levels relative to sales activity further underscore this trend, pointing to a market that may be adjusting to current economic conditions.

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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 market average around 6.38% to 6.73%, which is notably higher than the early 2026 lows near 5.50% seen in March.

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 is $372,000, indicating a stable transaction environment amidst broader market fluctuations.

2. With a median listing price of $399,999, there is a significant pricing gap that may suggest pricing friction between seller expectations and buyer willingness.

3. The median days on market of 253 days reflects slower sales velocity, indicating a cautious buyer sentiment in the current economic climate.

4. Elevated interest rates, currently averaging between 6.38% and 6.73%, are contributing to elevated interest rate pressure on the market, affecting overall liquidity.

5. The market temperature is classified as neutral, suggesting a balanced environment where supply and demand are relatively aligned.

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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.