Tucson, AZ 85747 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. The neighborhood's primary indicator of market value and recent transaction activity is the median sold price, 417,500, which should be prioritized over asking prices when setting comps and valuing offers; recent transactions are the best reflection of market value in this ZIP code.
2. There is a measurable spread between the median listing price, 369,500, and the median sold price, 417,500, which may indicate pricing friction and suggests sellers or buyers are reconciling expectations; pricing friction may require targeted pricing strategies or concessions to close deals.
3. The median days on market, 462, signals slower sales velocity and suggests that elevated inventory relative to sales activity may be lengthening time-to-contract; slower sales velocity should be factored into holding-cost and marketing timelines.
4. Broader indicators show the price year-over-year trend is up (up), market temperature is neutral, rent year-over-year trend is down, and interest rate pressure is elevated, which together suggest cautious optimism on price levels but constrained financing dynamics that may temper transaction volume.

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.