Tucson, AZ 85747 Real Estate Market Report

ZIP Code: 85747
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 85747 ZIP code, is characterized by a median sold price of $382,450, reflecting a shift towards a neutral market environment. The neighborhood has decreased 8% since 2022, indicating a softening in property values amidst elevated interest rate pressures. The median listing price stands at $418,700, suggesting a notable gap between seller expectations and actual transaction values, which may contribute to prolonged market activity.

Transaction velocity appears to be slowing, with properties averaging 121 days on market. This extended timeframe indicates a more cautious buyer sentiment, likely influenced by the current interest rate climate, which is slightly higher than previous weeks, hovering around 5.88% to 6.16%. Despite these challenges, steady job growth in key sectors continues to support underlying demand, although the overall market temperature remains neutral, reflecting a balance between supply and demand dynamics.

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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 Tucson, AZ, around 5.88% to 6.16% are slightly higher than the 5.69% average seen just last week, suggesting a minor upward rate movement for property owners.

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 $382,450 indicates a significant gap from the median listing price of $418,700, suggesting pricing friction in the market.

2. With a median days on market of 121, properties are experiencing slower sales velocity, which may deter potential buyers.

3. The market temperature is currently neutral, indicating a balance between supply and demand despite elevated inventory levels.

4. Rental prices are also trending down, with a median market rent of $2,930, reflecting a cooling rental market amidst strong demand.

5. Elevated interest rate pressure remains a concern, impacting buyer purchasing power and overall market liquidity.

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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.