Tucson, AZ 85748 Real Estate Market Report

ZIP Code: 85748
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

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.

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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 are approximately 6.35%, which is 0.36% higher than the 5.99% average observed in early 2026.

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 primary market indicator, median sold price: 360,000, indicates recent transaction-level value in this ZIP and anchors pricing expectations for buyers and sellers; neutral market temperature suggests no strong directional pressure from overall market balance.

2. There is a notable spread between median listing price: 329,950 and median sold price: 360,000, which may indicate pricing friction between seller expectations and closed transactions and suggests sellers may need to adjust ask strategies to align with realized sale prices.

3. Extended time-to-sale is evident with median days on market: 446, which points to slower sales velocity and may increase buyer leverage; this slower turnover appears consistent with a down price year-over-year trend.

4. Local cost context shows a median price per square foot: 196 and median market rent: 1,786, while financing conditions reflect moderate interest rate pressure (current 30-year fixed mortgage rates ~6.35%, ~0.36% above the early-2026 average), which together may temper near-term demand and support cautious pricing approaches.

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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.

Tucson, AZ 85748 Real Estate Market Report

ZIP Code: 85748
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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.

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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 are approximately 6.35%, which is 0.36% higher than the 5.99% average observed in early 2026.

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. Median sold price 233,000 is the clearest indicator of recent market value in ZIP 85748 and suggests that completed transactions are settling near this level rather than at asking levels; representative recent sale indicates sellers should align expectations to realized sale prices.

2. Despite a much lower median listing price 124,117 relative to the median sold price, the market displays pricing friction between asking and transaction outcomes, which may indicate selective seller concessions or non-representative asking samples rather than true market weakness; balanced/neutral market temperature suggests neither extreme seller nor buyer dominance.

3. Median days on market 613 signals substantially slower sales velocity and extended time to close deals, which may increase buyer leverage and require sellers to plan for longer holding periods; down in the price year-over-year trend further reinforces caution on near-term upside.

4. Median market rent 1,700 combined with a median price per square foot 178 and a rental year-over-year trend that is down suggests rental growth has cooled, making buy-to-rent strategies less likely to benefit from immediate rent appreciation; interest rate context is moderate—Current 30-year fixed mortgage rates in Tucson, AZ are approximately 6.35%, which is 0.36% higher than the 5.99% average observed in early 2026—moderate interest rate pressure may temper buyer activity.

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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.