Real Estate Market Update for 85704 (Tucson, AZ)
Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was up 4% from one year earlier, and up 1% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 280-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 67%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 190-thousand dollars. The number of units sold decreased 34% year-over-year, and decreased 43% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for 85704 (Tucson, AZ)
Area Information for 85704 (Tucson, AZ)
  • Population: 31,976
  • Median Age: 47.23 yr
  • Median Commute Time: 22.5 mins
  • Educational Climate*: 4
  • Sales Tax: 6.1%
  • Population Density: 1,789/sq mi
  • Population Change Since 2000: 5.88%
  • Closest Airport: Tucson International
  • Closest College: Itt Technical Institute
  • Closest Jr. College: Pima Community College-downtown Campus
  • Median Household Income: $54,033
  • Annual Residential Turnover: 20.46%
  • Median Years in Residence: 2.92 yr
  • Median Home Sales Price: $180,000
  • Closest Major Sports Team: Tucson Padres
  • Change Avg. Household Income Since 2000: 18%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 85704 (Tucson, AZ)
Median Age: 47.23 Married: 38% Number of Households: 14,974 Households with Children: 3,369
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 85704 (Tucson, AZ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Edge High School - Northwest 0.7 mi Public 9-12 0 2
      St. Odilia Catholic School 0.9 mi Catholic PRESCHOOL-4 0 0
      Winifred Harelson Elementary School 0.9 mi Public K-6 5 5
      Lawrence W Cross Middle School 0.9 mi Public 6-8 3 4
      St Andrew S Preschool & Kindergarten 1.0 mi Private PRESCHOOL-K 0 0
      Ascension Lutheran School 1.5 mi Private PRESCHOOL-5 0 4
      Marion Donaldson Elementary School 1.5 mi Public PRESCHOOL-5 3-5 4
      St Marks Early Childhood Center 1.5 mi Private PRESCHOOL-K 0 0
      La Cima Middle School 1.7 mi Public 6-8 2-5 2
      Immaculate Heart Academy 1.8 mi Catholic PRESCHOOL-8 0 4
      Immaculate Heart High School 2.0 mi Catholic 9-12 0 4
      Mesa Verde Elementary School 2.1 mi Public K-5 4 4
      Lulu Walker School 2.3 mi Public K-5 3 4
      Canyon Del Oro High School 3.0 mi Public 9-12 4-5 4
      Pusch Ridge Christian Academy 3.6 mi Private 6-12 0 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 85704 (Tucson, AZ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.