Tucson AZ Real Estate - Tucson AZ Homes For Sale | Zillow (2024)

FAQs

Are home prices dropping in Tucson? ›

Summary: Tucson housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 15.4%, 2 bedroom homes increased by 0.7%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 1.4%.

If you're planning to purchase a home in Tucson, one of the best times to make your purchase is during the summer months. Although it's the hottest time of year, there are fewer people in the city throughout the summer, which may make it easier to find a great deal.

The median list price of homes in Tucson, AZ was $380,000 in June 2024 , compared to undefined in the same month last year. In June 2024, Tucson, AZ, was a seller's market, which indicates that there were more people looking to buy than available homes.

As of December 2023, the average cost of a home in Tucson, Arizona, is $324,114, VS the average cost of a home in Phoenix is $417,105. Homes in Tucson VS Phoenix are 22% less expensive in Tucson, AZ. Moreover, the average cost of a home in the United States is $346,048.

One of the major drawbacks of Tucson is the intense summer heat. In this city, temperatures often soar above 100 degrees Fahrenheit. This extreme weather can limit outdoor activities during the summer months and increase the cost of living due to higher air conditioning bills.

The Tucson housing market anticipates nuanced changes through the year 2024. According to Norada Real Estate, the forecast for the short term points to a slight 0.1% decrease, but by the end of April 2024, a rebound with a 0.2% increase is expected, with a more significant rise of 4.8% projected by January 2025.

Tucson: Tucson is another popular retirement destination in Arizona, known for its mild winters, beautiful scenery, and rich cultural heritage. Retirees can enjoy outdoor activities such as hiking, golfing, and biking, as well as a vibrant downtown area with museums, galleries, and restaurants.

Tucson, AZ housing market

The median listing home price in Tucson, AZ was $379K in June 2024, trending down -2.1% year-over-year. The median listing home price per square foot was $233. The median home sold price was $334K.

The Tucson is a capable product with great design and performance. But it is on the expensive side. The reason it is expensive is that it comes through Completely Knocked Down (CKD) route in India.

Does Tucson have a housing shortage? ›

The lack of housing supply in Pima County is exacerbated by the slow pace of new housing construction. From 2010 to 2019, only 18,568 units were built in Pima County, which did not resolve the lack of available and affordable housing or keep up with population growth.

Pie Allen

With a median home price of $310,210 and a median rent of $823, Pie Allen is the most expensive neighborhood on our list. Based on the growth in home prices in Pie Allen over the last 3 years, it ranks No. 1 among all the neighborhoods in Tucson.

Both states are among the top in the U.S. for drawing new residents, but overall Florida is more affordable. The median price of an Arizona house was $434,300 in July, according to the latest data from real estate brokerage Redfin. Florida's median home price was $404,100. But prices vary a lot by city in both states.

Arizona Housing Market Overview

In May 2024, home prices in Arizona were up 3.3% compared to last year, selling for a median price. On average, the number of homes sold was down 5.3% year over year and there were 9,933 homes sold in May this year, down 10,490 homes sold in May last year.

The demand across the country for new homes has led to higher prices. But as Pima County buyers look for their dream home, time may be running out. TUCSON, Ariz. (KGUN) — Buying a home can be stressful.

Many homebuyers and real estate investors believe the city is ideal for buying properties and moving there or starting a rental business. Besides multiple real estate opportunities, Tucson also offers a robust job market, abundant sunshine, and many desert attractions that locals and tourists alike love.