<h2>Tucson Housing Market Overview</h2>
<p>The real estate landscape in Tucson, Arizona, has shown a variety of trends worth noting as of April 2024. <a href="https://www.realtytrac.com/market-trends/tucson-az/">Average property values</a> and sale prices per square foot have changed slightly, month-over-month. Properties are averaging $367,000 but in April 2024 we see a dip to $351,000, hinting at market adjustments or buyer sentiment shifts.</p>
<h4 class="sc-fff60b4-3 bmIvnq">Tucson, AZ Real Estate Market Overview</h4>
<div class="sc-d1a0c9c3-0 dNcHVF">
<div class="sc-d1a0c9c3-2 bVwdRO">
<table class="sc-4b91b296-0 NvpMl">
<thead class="sc-4b91b296-3 QrbDO">
<tr class="sc-4b91b296-1 kcFJPr">
<th class="sc-4b91b296-4 jDLFWw">Zip</th>
<th class="sc-4b91b296-4 jDLFWw">Median Est. Value</th>
<th class="sc-4b91b296-4 jDLFWw">Zip</th>
<th class="sc-4b91b296-4 jDLFWw">Median Est. Value</th>
</tr>
</thead>
<tbody class="sc-4b91b296-2 xbjXs">
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tucson-az-85742/">85742</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 412,235</p>
<p class="sc-4b91b296-7 gkIasT">$ 235/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tucson-az-85713/">85713</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 238,947</p>
<p class="sc-4b91b296-7 gkIasT">$ 186/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tucson-az-85710/">85710</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 284,250</p>
<p class="sc-4b91b296-7 gkIasT">$ 199/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tucson-az-85741/">85741</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 331,161</p>
<p class="sc-4b91b296-7 gkIasT">$ 238/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tucson-az-85750/">85750</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 579,910</p>
<p class="sc-4b91b296-7 gkIasT">$ 296/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tucson-az-85748/">85748</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 426,469</p>
<p class="sc-4b91b296-7 gkIasT">$ 203/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tucson-az-85730/">85730</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 309,900</p>
<p class="sc-4b91b296-7 gkIasT">$ 219/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tucson-az-85705/">85705</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 267,500</p>
<p class="sc-4b91b296-7 gkIasT">$ 219/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tucson-az-85743/">85743</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 412,183</p>
<p class="sc-4b91b296-7 gkIasT">$ 235/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tucson-az-85746/">85746</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 286,591</p>
<p class="sc-4b91b296-7 gkIasT">$ 203/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tucson-az-85704/">85704</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 383,561</p>
<p class="sc-4b91b296-7 gkIasT">$ 226/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tucson-az-85757/">85757</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 350,837</p>
<p class="sc-4b91b296-7 gkIasT">$ 177/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tucson-az-85747/">85747</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 377,890</p>
<p class="sc-4b91b296-7 gkIasT">$ 196/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tucson-az-85706/">85706</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 257,244</p>
<p class="sc-4b91b296-7 gkIasT">$ 176/sqft</p>
</td>
</tr>
</tbody>
</table>
</div>
</div>
<p>Sale prices per square foot in Tucson evidence an upswing, moving from approximately $223 in January 2024 to $231 by April of the same year. This uptick represents a growing buyer willingness to invest more per unit area, a strong indicator of market health. During this same interval, Tucson <a href="https://www.realtytrac.com/tucson-az/for-sale/">home sales</a> have plateaued somewhat, with sales dipping from 10,594 properties in September 2023 to 8,907 by April 2024. Such a decrease could suggest a variety of factors, including seasonal buying patterns or a tempering of market demand.</p>
<h2>Comparative Analysis with Nearby Cities</h2>
<p><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-25610" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/05/tucson-az.jpg" alt="" width="1100" height="733" /></p>
<p>Surveying nearby cities offers additional context. Sahuarita’s average values have held steady, showcasing minor fluctuations, whereas the average sale price per square foot enhanced from $181 to $190 between December 2023 and April 2024. On the contrary, Green Valley has witnessed a considerable leap in average property values, climbing from $290,000 in March 2024 to $315,000 in April, coupled with a slight bump in sale price per square foot from $215 to $216, reflecting burgeoning property valuation in that locale.</p>
<p>Mount Lemmon, notable for its elevated property values against its peers, clocks in at a robust $775,000 for average property value with a significant average sale price per square foot at $718. Conversely, Vail’s growth has been in average values, which rose from $392,000 in January to $410,000 by April, even as the sale price per square foot remained relatively stable.</p>
<p>Marana rounds out the comparative analysis with an increase in average home values from $441,000 to $465,000 from January to April 2024. Sale prices per square foot correspondingly advanced from approximately $225 to $243, demonstrating a sustained incline in property valuation.</p>
<h2>April 2024 Real Estate Market Snapshot</h2>
<p>As we zero in on the specifics, Tucson’s real estate market presents us with a blend of figures for April 2024. The average property value is reported at $351,000, coupled with a sale price per square foot of $227. With a total property count of 1,036 and a robust 8,907 homes sold, the market showcases significant activity; moreover, the average sale price of these homes stands at $357,344, slightly higher than the average value, and an average sale price per square foot reaching $231.</p>
<p>In contrast, average property values in <a href="https://www.realtytrac.com/market-trends/sahuarita-az/">Sahuarita</a> are around $345,000, and sale price per square foot sits $177. Despite a smaller property count of 66, the sold property count is a healthy 338, highlighting a lively market in this city.</p>
<p><a href="https://www.realtytrac.com/market-trends/green-valley-az/">Green Valley</a>‘s market averages at a $315,000 property value and a sale price per square foot of $212, with 1,072 properties sold. This indicates a strong turnover rate despite the lesser property count of 176. Mount Lemmon’s singular property on the market boasts an impressive average value of $775,000, and an extraordinarily high sale price per square foot of $718, though only 11 properties have been sold.</p>
<p>Vail shows steady numbers with an average property value of $410,000, a sale price per square foot at $216, a property count of 61, and 368 properties sold. And Marana, exhibiting both growth in average value and sale price per square foot, reports an average value of $465,000 and a $243 sale price per square foot, commanding more premium pricing and maintaining healthy sales activity with 593 properties sold.</p>
<p>This rich mix of data paints a complex but informative picture of the Tucson area real estate market as of April 2024, highlighting subtle ebbs and flows in property valuations and sales performance across Tucson and its neighboring cities.</p>


Market Reports

Tucson Real Estate Adjusts with $351K Average Value in April 2024 Amid Regional Market Fluctuations

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.

Tucson Real Estate Adjusts with $351K Average Value in April 2024 Amid Regional Market Fluctuations - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/05/Real-Estate-Report-Tucson-AZ-March-2024.png

Resource

RealtyTrac

Manuel is an expert in all things real estate, including buying and flipping homes.

https://secure.gravatar.com/avatar/017e3eb9b2b2815da5c9c544f2b2cb568f9de91a1fb2c8168ec7e918e3971cee?s=96&d=mm&r=g

Manuel Martinez

California

Market Trend Report For Bakersfield, California – March 2024

Stockton Housing Market Comparably Affordable Amid Rising California Prices – January 2024 Report

This blog post discusses the dynamic real estate trends in Bakersfield, noting fluctuations in property values, sale prices, and activity levels. It also highlights differences in nearby cities, showcasing diverse market conditions shaped by localized factors and broader economic trends.

Market Trend Report For Bakersfield, California – March 2024 - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/03/Market-Report-Bakersfield-CA-March-2024.png

Fort Collins Property Values Climb, Sale Prices Stabilize Amidst 2024 Regional Market Shifts

The Fort Collins real estate market has seen a steady increase in property values and stability in sale prices, indicating a balanced market.

Fort Collins Property Values Climb, Sale Prices Stabilize Amidst 2024 Regional Market Shifts - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/05/Fort-Collins-Real-Estate-Report.png

Investing Strategies

Kansas City Property Values Edge Upward in April 2024 Amid Market Flux

Kansas City’s real estate market is cautiously progressing with slight increases in property values, despite a decrease in listings and sales suggesting a possible market cooling.

Kansas City Property Values Edge Upward in April 2024 Amid Market Flux - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/05/Missouri-Market-Report.png

Tucson Real Estate Adjusts with $351K Average Value in April 2024 Amid Regional Market Fluctuations

$359,900

$191,360

$299,900