Tucson, AZ 85747 Real Estate Market Report

ZIP Code: 85747
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 Tucson housing market, particularly in the area of 85747, is characterized by a median sold price of $389,750, reflecting a stable transaction environment despite a backdrop of price moderation. The market has seen a year-over-year trend of prices moving down, indicating a 8% decrease since last year. This decline suggests that buyers may have more negotiating power as sellers adjust expectations in response to current market conditions.

The overall market activity shows signs of caution, with a median days on market of 207, indicating slower sales velocity. Elevated inventory levels are present, suggesting that buyers have a variety of options available. However, the elevated interest rate pressure, with current mortgage rates averaging 6.38%, may be contributing to a tempered demand, impacting overall market momentum. This environment may present opportunities for buyers, but the market remains sensitive to shifts in 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 6.38%, which is 0.39% higher than the 5.99% average seen earlier in 2026, indicating property owners locked in a favorable rate.

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 $389,750 reflects a market adjusting to lower buyer expectations amid downward price trends.

2. With a median days on market of 207, the market is experiencing slower sales velocity, indicating a potential need for sellers to be more flexible in negotiations.

3. The median market rent stands at $2,930, which has also seen a downward trend year-over-year, suggesting a cooling rental market.

4. Current mortgage rates at 6.38% indicate elevated interest rate pressure, which may be dampening buyer enthusiasm and overall market activity.

5. The market temperature is currently assessed as neutral, reflecting a balance between supply and demand despite the ongoing price adjustments.

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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.