Tucson, AZ 85748 Real Estate Market Report

ZIP Code: 85748
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Tucson real estate market in the 85748 area is currently characterized by a median sold price of $369,950, reflecting a notable shift as the neighborhood has decreased 8% since 2022. This decline in sold prices suggests a buyer advantage, as homes are frequently selling below their listing prices, indicating a potential misalignment between seller expectations and market realities. The median listing price stands at $397,499.50, which further emphasizes this pricing gap, contributing to a market environment where buyers may find favorable conditions for negotiation.

Transaction activity appears to be moderate, with median days on market extending to 346 days, indicating a slower sales velocity. The elevated inventory levels, coupled with a neutral market temperature, suggest that while there is some demand, the overall market is stabilizing with excess supply relative to sales activity. This balance may lead to opportunities for buyers, particularly as rental demand remains strong despite slight year-over-year price decreases.

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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.

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Key Findings

1. The median sold price of $369,950 indicates a buyer's market, with homes selling below their listing prices.

2. Transaction velocity is slower, with homes averaging 346 days on market, reflecting a declining sales pace.

3. The median listing price of $397,499.50 suggests a pricing gap that may lead to pricing friction for sellers.

4. Despite a neutral market temperature, elevated inventory levels indicate excess supply relative to sales activity.

5. Rental demand remains strong with a median market rent of $2,150, although rental prices have also seen a down trend year-over-year.

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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.