AZ · Metro #54

Tucson - AZ housing market

The Tucson metro has a typical home value of $343,580, down 2.1% from a year ago. Homes sell in 33 days on average - a balanced market. 30% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$343,580
-2.1% vs. year ago
Median sale price
$343,189
-0.2% YoY
Median list price
$376,333
Sale-to-list ratio
98.0%
Selling below ask
Days on market
33d
Listings w/ price cut
29.5%
New listings / mo
1,338
-6.8% YoY
Homes for sale
5,168
+3.9% YoY
Typical rent
$1,473/mo
+0.7% YoY
Context

How to read this data

The typical home value ($343,580) is the Zillow Home Value Index for the Tucson - AZ metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are down 2.1% over the past year. A home worth $350,950 last year is now worth roughly $343,580.

The median sale price , what homes actually close for , is $343,189. Homes are selling at 98.0% of list price, meaning buyers have room to negotiate.

Homes listed in Tucson - AZ sit on the market for roughly 33 days before going pending. Shorter = seller's market; longer = buyer's market.

About 29.5% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,338 new listings hit the market each month in Tucson - AZ. There are currently 5,168 homes for sale, up 3.9% from a year ago.

The typical monthly rent in Tucson - AZ is $1,473, up 0.7% year over year. For investors, the price-to-rent ratio here is roughly 19x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in AZ

MetroHome value1-yr changeDays on market
Phoenix - AZ$448,352 -1.7% 31.0d
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