{"id":46249,"date":"2024-07-29T12:16:26","date_gmt":"2024-07-29T19:16:26","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=46249"},"modified":"2026-04-05T23:53:38","modified_gmt":"2026-04-06T06:53:38","slug":"home-values-in-tucson-az","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/home-values-in-tucson-az\/","title":{"rendered":"Home Values in Tucson, AZ: Current Trends and Insights"},"content":{"rendered":"

Musing over home values in Tucson, AZ? Whether you’re planning to sell, looking to drop PMI<\/a>, or just keeping an eye on the local market, knowing your home\u2019s worth can help guide your financial decisions.<\/p>\n

In this article, we\u2019ll explore the latest home price trends in Tucson and share practical tips for getting an accurate home value estimate<\/a>. We\u2019ll also discuss strategies to maximize your home\u2019s value and introduce you to useful tools that can help you achieve the best possible price when you\u2019re ready to sell.<\/p>\n\n\n\n\n\n

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\n \"homelight\n <\/div>\n \n

Already Own a Home? What's It Worth Now?<\/h3>\n

Home values have rapidly increased in recent years. How much is your current home worth now? Get a ballpark estimate from HomeLight’s free Home Value Estimator.<\/p>\n \n

\n Get Estimate<\/a>\n <\/div>\n <\/div>\n<\/div>\n\n\n

Editor\u2019s note: This post is for educational purposes and is not intended to be construed as financial advice. HomeLight always encourages you to consult your own advisor.<\/em><\/p>\n

<\/div>\n

Current home values in Tucson, AZ<\/h2>\n

Since 2020, the median home value in Tucson has shot up 37%. At the beginning of the decade, the average home sold for $255,000, but by June of this year, that figure had risen to $370,000<\/a>, according to data from the Tucson Association of Realtors.<\/p>\n

Tucson metro area cities that have seen the biggest jump in home prices<\/a> in the past five years include Sonoita, Tortolita, Catalina, and Three Points. \u201cThere\u2019s a sector of the housing market that has been sitting on the sidelines, and that\u2019s the investors,\u201d said Jim Daniel of R.L. Brown Reports in a recent interview<\/a> with the Arizona Daily Star.<\/p>\n

\u201cHaving them sit out has been positive for prices, but if interest rates go back down, investors will be back.\u201d<\/p>\n

The table below shows how significantly home prices have increased in the Tucson region over the past five years:<\/p>\n\n\n\n\n\n\n\n\n
Year<\/strong><\/td>\nMedian home price<\/strong><\/td>\nPercent change year-over-year<\/strong><\/td>\n<\/tr>\n
2024 (June)<\/a><\/td>\n$370,000<\/td>\n+2.5%<\/td>\n<\/tr>\n
2023 (annual)<\/a><\/td>\n$369,680<\/td>\n+3.6%<\/td>\n<\/tr>\n
2022 (annual)<\/a><\/td>\n$357,000<\/td>\n+13.7%<\/td>\n<\/tr>\n
2021 (annual)<\/a><\/td>\n$314,000<\/td>\n+23.1%<\/td>\n<\/tr>\n
2020 (annual)<\/a><\/td>\n$255,000<\/td>\n+9.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: Tucson Association of REALTORS\u00ae<\/a><\/em><\/p>\n

This trend isn\u2019t exclusive to the Old Pueblo; it\u2019s happening all over the United States. Data from the Case-Shiller National Home Price Index reveals that U.S. home prices have surged 47%<\/a> since early 2020. As a result, homeowners across the country have accumulated substantial equity<\/a> in their homes.<\/p>\n

ICE\u2019s Mortgage Monitor report highlights that as of early 2024, the average equity for a mortgage-holding homeowner has reached approximately $299,000<\/a>. Homeowners can use this equity for various purposes, such as buying a new home, renovating, paying off debts, or investing for the future.<\/p>\n

For comparison, the table below shows median home prices in suburbs near Tucson:<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
City<\/strong><\/td>\nMedian home price<\/strong><\/td>\nDistance from Tucson city center<\/strong><\/td>\n<\/tr>\n
Catalina Foothills<\/td>\n$656,700<\/td>\n12-20 min (6.o miles)<\/td>\n<\/tr>\n
Casas Adobes<\/td>\n$366,000<\/td>\n12-22 min (6.2 miles)<\/td>\n<\/tr>\n
Oro Valley<\/td>\n$496,700<\/td>\n16-30 min (10.4 miles)<\/td>\n<\/tr>\n
Tanque Verde<\/td>\n$807,500<\/td>\n22-50 min (14.5 miles)<\/td>\n<\/tr>\n
Catalina<\/td>\n$490,000<\/td>\n26-50 min (18.7 miles)<\/td>\n<\/tr>\n
Marana<\/td>\n$453,800<\/td>\n24-35 min (21.1 miles)<\/td>\n<\/tr>\n
Sahuarita<\/td>\n$371,700<\/td>\n24-35 min (23.0 miles)<\/td>\n<\/tr>\n
Saddlebrooke<\/td>\n$532,000<\/td>\n30-55 min (23.0 miles)<\/td>\n<\/tr>\n
Corona De Tucson<\/td>\n$392,000<\/td>\n30-45 min (28.3 miles)<\/td>\n<\/tr>\n
Green Valley<\/td>\n$281,800<\/td>\n30-40 min (28.9 miles)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Home value averages of multiple public transaction sites\u00a0<\/span><\/i><\/p>\n

Typical travel times 8 a.m. midweek<\/span><\/i><\/p>\n

Up next, we\u2019ll explain how to accurately estimate the value of your Tucson-area home.<\/p>\n","protected":false},"excerpt":{"rendered":"

Discover how home values in Tucson, AZ have surged in recent years. Learn how to estimate, increase, and leverage your home\u2019s worth.<\/p>\n","protected":false},"author":360,"featured_media":46250,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","cybocfi_hide_featured_image":"","footnotes":""},"categories":[320,1249,330],"tags":[1253],"class_list":["post-46249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-add-value","category-arizona-real-estate","category-house-value","tag-selling-a-house-in-southern-arizona"],"acf":[],"yoast_head":"\nHome Values in Tucson, AZ: Current Trends and Insights<\/title>\n<meta name=\"description\" content=\"Discover how home values in Tucson, AZ have surged in recent years. 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