Housing Market Report · September 2026
Downtown Tucson Housing Market Report
As of September 2, 2026, the median sale price in Downtown Tucson over the last twelve months was $481,950 across 54 closed sales, at $350 per square foot and a median 70 days on market.
$481,950
Median Sold Price
$350
Median $/Sq Ft
70
Median Days on Market
99.5%
Sale-to-List
50%
Cash Buyers
8.2
Months of Supply
Closed sales by month
Every complete calendar month in the window, with the number of residential sales that closed and the median sold price of those sales. A month with few sales has a median that moves with the mix of homes that happened to close, so read the count alongside the price.
| Month | Closed sales | Median sold price | vs prior month |
|---|---|---|---|
| Oct 2025 | 2 | $767,500 | n/a |
| Nov 2025 | 5 | $448,000 | -41.6% |
| Dec 2025 | 1 | $1,650,000 | +268.3% |
| Jan 2026 | 2 | $525,500 | -68.2% |
| Feb 2026 | 6 | $607,500 | +15.6% |
| Mar 2026 | 3 | $600,000 | -1.2% |
| Apr 2026 | 7 | $445,000 | -25.8% |
| May 2026 | 8 | $397,250 | -10.7% |
| Jun 2026 | 5 | $540,000 | +35.9% |
| Jul 2026 | 5 | $380,000 | -29.6% |
| Aug 2026 | 5 | $472,000 | +24.2% |
Where the sales closed
The 54 closed sales by sold price. The busiest band was $300k to $500k, with 25 sales (46% of the total).
- Under $300K5 (9%)
- $300K to $500K25 (46%)
- $500K to $750K18 (33%)
- $750K to $1M2 (4%)
- $1M to $1.5M2 (4%)
- $1.5M to $2M2 (4%)
- $2M and up0 (0%)
Reading the report
What these numbers mean if you are buying or selling in Downtown Tucson
Sale-to-list: 99.5%
The median Downtown Tucson home closed at 99.5% of its final asking price. On a $500,000 listing that gap comes to about $2,550. For a seller it is the discount to expect once the price is right; a wider gap on your own home usually means the price is still being tested. For a buyer it is the reference point for an opening offer. It is measured against the final list price after any reductions, so it says nothing about how far a home was reduced before it sold.
Cash buyers: 50% of sales
50% of closed sales in Downtown Tucsonwere cash purchases, by the financing recorded on each sale. A cash buyer closes without an appraisal or a loan contingency, so a financed buyer competing for the same home competes on certainty as much as on price: a full underwritten pre-approval, a shorter inspection period and a plan for an appraisal shortfall all count. For a seller, a higher cash share means more offers that do not depend on a lender's appraisal.
Seller concessions: 52% of sales
52% of Downtown Tucsonsales recorded a seller concession, a credit from the seller at closing that usually goes toward the buyer's closing costs or an interest-rate buydown; where one was given, the median was $7,605. A concession lowers the seller's net the same way a price cut does, so sellers should read it together with the sale-to-list ratio above. Buyers can ask for one: most sellers here agreed to one.
Contract to close: 30 days
The median Downtown Tucson sale went from an accepted contract to a closed deal in 30 days. Days on market on this page runs from the listing date to the closing date, so the median 70 days already includes that escrow period. Buyers should plan the move, the rate lock and the inspections around 30 days; sellers should expect the proceeds about that long after accepting an offer, not on the day they accept it.
Asking prices and inventory
The other side of the market: what is listed
The figures above are what sold. These tables are what was for sale, month by month, in each ZIP code that makes up Downtown Tucson: the median asking price of active listings, new and active inventory, and months of supply. They are shown per ZIP because a median cannot be combined across ZIP codes.
ZIP 85701: the last twelve months
In Aug 2026 the median asking price of active listings was $511,500, up 13.9% from Sep 2025, with 34 homes active and 34 newly listed — about 8.2 months of supply at the current pace of sales.
| Month | Median list price | New listings | Active | Months of supply |
|---|---|---|---|---|
| Sep 2025 | $449,000 | 12 | 29 | 7.0 |
| Oct 2025 | $442,500 | 5 | 32 | 8.0 |
| Nov 2025 | $479,900 | 17 | 27 | 7.4 |
| Dec 2025 | $479,950 | 2 | 30 | 7.8 |
| Jan 2026 | $479,950 | 8 | 30 | 7.7 |
| Feb 2026 | $475,000 | 6 | 33 | 8.8 |
| Mar 2026 | $479,950 | 19 | 30 | 7.5 |
| Apr 2026 | $462,500 | 10 | 32 | 8.9 |
| May 2026 | $480,000 | 6 | 33 | 8.4 |
| Jun 2026 | $455,000 | 8 | 28 | 6.7 |
| Jul 2026 | $480,000 | 10 | 35 | 8.2 |
| Aug 2026 | $511,500 | 34 | 34 | 8.2 |
Source: MLS of Southern Arizona market statistics for ZIP 85701, residential listings. Medians are of asking prices on the first of each month. Months of supply is active inventory divided by the month's pace of sales.
Downtown Tucson market
Frequently Asked Questions
What is the median home price in Downtown Tucson?
$481,950. That is the median of 54 closed residential sales in Downtown Tucson reported to MLS of Southern Arizona (MLSSAZ) between September 2, 2025 and September 2, 2026, at a median $350 per square foot.
How long does it take to sell a home in Downtown Tucson?
The median Downtown Tucson sale took 70 days from listing to closing, of which a median 30 days ran from the accepted contract to the closing.
Do homes in Downtown Tucson sell for asking price?
The median sale closed at 99.5% of its final list price. On a $500,000 asking price that comes to about $497,450. Seller concessions were recorded on 52% of sales, with a median of $7,605 where one was given.
How many Downtown Tucson home buyers pay cash?
50% of closed sales in Downtown Tucson over the last twelve months were cash purchases, by the buyer financing recorded on each sale in the MLS.
Methodology
Source: MLS of Southern Arizona (MLSSAZ). Window: September 2, 2025 to September 2, 2026 (12months) by close date, residential property class only; land and multi-family sales are excluded. Every median is computed per sale: price per square foot is the median of each sale's own ratio, not the median price divided by the median size, and sale-to-list is the median of each sale's close price divided by its final list price. Cash share is the share of sales whose buyer financing was recorded as cash, among sales where financing was recorded. Days on market is the listing date to the closing date. Contract to close runs from the day the listing left active status, which is when an offer was accepted, to the closing date. An area is published only when it had at least 20 closed sales in the window; this one had 54. Monthly figures cover complete calendar months only. Medians describe the area as a whole and not any individual home. As of September 2, 2026.
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What would your Downtown Tucson home sell for?
A median describes the area. A valuation describes your home: its lot, its condition, and the sales on your street. We prepare one from the same MLS record, without obligation.