Tucson, AZ 85748 Real Estate Market Report

ZIP Code: 85748
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 in ZIP 85748 is characterized by a median sold price of $400,000, reflecting a decrease in market value compared to previous periods. This decline signals a cooling trend in the neighborhood, contrasting with broader expectations of modest appreciation for the metro area. The market is currently experiencing 206 days on market, indicating a slower sales velocity and a potential shift in buyer sentiment as elevated inventory levels persist.

The relationship between the median listing price of $409,000 and the median sold price suggests a notable pricing gap, which may indicate seller expectations are not aligning with current market realities. Elevated inventory levels relative to sales activity suggest a market that is balancing, albeit with caution as buyers navigate the landscape amidst elevated interest rate pressure and a neutral market temperature.

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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% are slightly higher than recent 2026 lows near 5.63%, indicating property owners locked in a favorable rate recently.

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 $400,000 indicates a decrease in property values, reflecting a cooling trend in the market.

2. With 206 days on market, the current sales velocity is slower, suggesting weak liquidity and potential buyer hesitance.

3. The median listing price of $409,000 creates a pricing gap, indicating that seller expectations may be misaligned with market realities.

4. Elevated inventory levels suggest moderate supply relative to sales activity, contributing to a balanced market environment.

5. Current median market rent of $2,150 remains stable, contrasting with the down trend in metro rents, indicating localized strength in rental demand.

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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.