Tucson, AZ Home Values & Market Trends

Real estate market trends reflect that there have been 13,813 transactions over the past year in Tucson. The median value for residential home transactions that occurred over the previous year is $360,019.76. The number of current listings in Tucson is 1,062, and the percentage of properties for sale in the city is 1062.00%. Tucson, AZ currently has 280 properties in foreclosure, 9 bank owned properties, 271 properties headed for auction, and 1,062 properties for sale.

Tucson, AZ Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
85742

$ 433,850

$ 242/sqft

85737

$ 569,742

$ 243/sqft

85710

$ 311,818

$ 214/sqft

85705

$ 275,000

$ 206/sqft

85750

$ 591,523

$ 307/sqft

85746

$ 307,500

$ 211/sqft

85743

$ 424,000

$ 239/sqft

85713

$ 260,000

$ 196/sqft

85747

$ 377,875

$ 203/sqft

85757

$ 357,718

$ 177/sqft

85704

$ 401,423

$ 229/sqft

85748

$ 425,520

$ 210/sqft

85745

$ 439,463

$ 243/sqft

85706

$ 252,135

$ 176/sqft

85716

$ 327,394

$ 243/sqft

85735

$ 317,659

$ 187/sqft

85755

$ 528,433

$ 280/sqft

85736

$ 506,980

$ 184/sqft

85730

$ 312,000

$ 228/sqft

85714

$ 258,000

$ 211/sqft

85718

$ 614,000

$ 293/sqft

85701

$ 613,402

$ 342/sqft

85711

$ 307,400

$ 225/sqft

85724

$ --

$ --

85712

$ 285,000

$ 213/sqft

85709

$ --

$ --

85739

$ 528,294

$ 227/sqft

85707

$ --

$ --

85756

$ 346,574

$ 197/sqft

85744

$ --

$ --

85749

$ 724,999

$ 274/sqft

85708

$ --

$ --

85715

$ 411,611

$ 232/sqft

85723

$ --

$ --

85741

$ 353,217

$ 248/sqft

85721

$ --

$ --

85719

$ 358,000

$ 263/sqft

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Housing Market Summary for Tucson, AZ

May 2023April 2024Change
Median Listing Price$346K$357.3K3.28%
Median Sold Price$337.7K$357.3K5.82%
Homes For Sale9111,03613.72%
Homes Sold9,4638,907-5.88%
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Tucson, AZ

Tucson home values range from $21,148 to $66,518,838. The median estimated value of a home in Tucson is $360,019.76. The median list price of a home is 354,000, and the total count of properties in the city is 279,497.

Foreclosure
There are 37 zips within Tucson, AZ; within these zips, the median estimated home value for homes in foreclosure ranges from $639,022 in 85713 to the lowest value of $91,797 in 85713. Foreclosure homes account for 0.00% of properties in Tucson, AZ with 85706 containing 23 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Tucson, AZ with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 37 zips within Tucson, AZ; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Tucson, AZ ranges from the highest value of $304,605 in 85739 to the lowest value of $173,192 in 85712. Bank owned homes and properties account for 0.00% of properties in Tucson, AZ. There are 37 zips within Tucson, AZ; 85712 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    85706 has 23 auction properties, the highest number of properties going to auction in a single zip in the state of Tucson, AZ. Auction homes and other auction properties account for 0.10% of all properties in Tucson, AZ. There are 37 zips within Tucson, AZ; of those zips, the median estimated home value for homes going to auction ranges from $345,587 in 85749 to the lowest value of $91,797 in 85749.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.38% of residential properties in Tucson, AZ with 85742 containing 76 homes for sale, the highest number of listed properties in a single zip. There are 37 zips within Tucson, AZ; homes for sale in those zips, have a range of median values from $506,980 in 85736 to the lowest value of $32,107 in 85716.
    Sold Homes
    The median value for recently sold homes ranges from $2,042,680 in 85737 to the lowest price of $25,528 in 85737. There are 37 zips within Tucson, AZ. 85710 has 547 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.24% of properties in Tucson, AZ.

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      Guide for Tucson, AZ

      Market Reports
      Tucson Real Estate Sees Average Property Value Rise to $367,000 in February 2024
      Market Reports
      Tucson Real Estate Adjusts with $351K Average Value in April 2024 Amid Regional Market Fluctuations
      Home Buying Guides & Tips
      Tax Lien Foreclosure: What They Are & How They Work
      Market Reports
      Glendale’s Real Estate Market Peaks at $475k Amid Fluctuations, February 2024 Overview Reveals
      See More Articles
      Tucson Real Estate Sees Average Property Value Rise to $367,000 in February 2024
      Market Reports|posted 29 March 2024

      The Tucson real estate market has witnessed significant growth trends, with average property values reaching $367,000 as of February 2024. This growth offers equity gain opportunities to investors despite the market’s competitive nature. Additionally, neighboring cities present varied property value and market activity scenarios, offering homebuyers a range of options.

      Tucson Real Estate Adjusts with $351K Average Value in April 2024 Amid Regional Market Fluctuations
      Market Reports|posted 8 May 2024

      The Tucson, Arizona housing market shows a variety of trends in 2024, with fluctuating property values, sale prices per square foot, and sales activity observed within Tucson and nearby cities.

      Tax Lien Foreclosure: What They Are & How They Work
      Home Buying Guides & Tips|posted 30 April 2024

      How to find government tax foreclosure homes – Buying a tax foreclosure is a great way to get a bargain on a home or rental property.

      Glendale’s Real Estate Market Peaks at $475k Amid Fluctuations, February 2024 Overview Reveals
      Market Reports|posted 13 March 2024

      Glendale, AZ’s real estate market has seen considerable fluctuations in property value and sale prices. The significant peaks and troughs offer intriguing trends to potential buyers, sellers, and investors, while a comparative analysis with nearby cities like Phoenix, Peoria, and Sun City presents a diverse real estate landscape in this region of Arizona.