| The Tucson housing market for September 2026 shows home sales fell 12.6% from the prior year’s September levels. Median price increased 3.0% while the Average price moved up 5.2% year over year. Inventory increased 6.6% from the prior month to 4.97 months’ supply. New listings dropped 7.0% YoY. Buyers continue to have the upper hand and are very selective on what they want in the home they buy. |
Market Trends and Insights from Ben & Kim Boldt – Tucson’s Top Realtor Team
The Tucson Housing Market Pulse for September 2026, shows the Median sales price stands at $370,000 up 3.0% from September 2025. The Average home sales price INCREASED 5.2% to $446,075. Median days on market DROPPED 1 day from September 2025 to 37 Days.
A few more numbers, the ratio of sales price to list price held at 97.97% for September2026. Active listings at the end of September stand at 4,982. Single-family at 3,937, Townhouses at 366, Condominiums at 307, and Manufactured homes at 313. Also, Mobile Homes were 59.
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Now the Details
Takeaway from the Tucson Housing Market Pulse Data
Mortgage Rates
Our “internet review” as of September 17, 2026, at nerdwallet.com shows the average rate for 30-year, fixed-rate home loans rose to 7.23% this week. That’s up .60% from August 31, 2026. Average rates on 15-year loans stood at 6.75%. moradarealestate.com suggests “The central scenario is not dramatic. It is sticky. If inflation cools only gradually and the FOMC retains a tightening bias consistent with a year-end funds-rate median near 4.1%, mortgage rates can remain near or above 7% as fall turns to winter. “Near or above 7%” is a range description — it allows for week-to-week noise inside a high-rate regime rather than a march back to the 5% handle.” They go further to say “Why this base case? Because mortgage rates will not fall simply because households want them to, and they will not fall simply because the White House wants cuts. They fall when expected inflation, real yields, and MBS spreads improve together. September’s unanimous hike under Warsh argues the committee is not racing to deliver that improvement on political timetable.”
Please Note – Mortgage rates in Arizona and Nationally can vary based on several factors, including your location, credit score, and broader economic conditions like in flation. To find the best mortgage or refinance rates in Arizona, it’s wise to shop around and compare offers from different lenders.
> Inventory Of Homes for Sale
New listings at the end of September stand at 1,750, up 3.7% from August 2026. Total Active listings stand at 4,982. Active Listings of Single-Family homes stand at 3,937 at the end of September 2026 at an Average Price of $599,965.
> Prices
The September 2026 median sales price for a Tucson home stands $370,000, an increase of 3.0% YoY. The average price moved up 5.2% YOY to $446,075.
> The Bottom Line
At the Fed meeting on September 15 & 16, the Fed Rate was increased 250 basis points (.25%). Mortgage rated jumped to over 7.0% in response to the increase. Now the question is, “will there be another increase in late October or early December of this year. Existing home sales have fallen every month since March of 2026. During this same period, median home prices in Tucson have fluctuated between $360,000 and $370,000.
Builders continue to provide incentives to new home buyers. Incentives for upgrades and lower mortgage rate financing spotlight the new construction home buying option. As always, buyers MUST pay attention to the upgrades and SHOULD NOT EXCEED 20% of the base price.
Our view of Tucson’s 2027 housing market outlook remains optimistic and balanced. On the buy side, increased inventory provides buyer more choices and bargaining power. On the other hand, higher mortgage rates may hold Buyers from pulling the trigger. To make a buyers “short list” sellers need have their home show will and set “realistic” pricing. Tucson’s diverse employment base and affordability offer long-term support for housing demand.
Considering A Home Tucson – Give Us a Call
Finding the right home can be a challenging process, but we can make the process much less stressful for you. As top Tucson Realtors since 2002, we know Tucson and the Tucson Real Estate market. We take the time to understand your home buying interests and desires to ensure we help you find the “right” home.
At our first meeting, we will review the current real estate market with you and then walk you through the Arizona home buying process.
Why? We want you to know what to expect and what to plan for.
Conclusion
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Go to the Tucson Housing Market Pulse archives for a look at recent housing reports and trends.
By the way, if you missed last month’s issue of the Tucson Housing Market Pulse its right here – August 2026 Tucson Housing Market Pulse