Home / Market Updates / September 2026
Tucson housing market · September 2026 · published October 27, 2026
September 2026: more homes, fewer buyers, prices holding.
675 homes closed — down 8.5% — while active inventory climbed to 3,279, nearly five months of supply. The median sale price still rose 1.4% to $350,000. At 7.40%, mortgage rates are doing the sorting.
MLSSAZ data · September 1 – 30, 2026 · single-family + condo/townhome · updated monthly
Watch the September 2026 market breakdown on YouTube
The metro at a glance
Tucson, in six numbers
More homes, fewer closings, prices roughly where they were. 675 homes closed, down 8.5% from a year ago, while active inventory climbed to 3,279 — about 4.9 months of supply — and 49% of listings have already cut their price.
All property types unless noted · MLSSAZ · September 1 – 30, 2026 vs September 2025 · inventory as of October 20, 2026
Around the metro
City by city
Metro medians hide the local story. Oro Valley and Green Valley moved fastest in September — 24 and 23 median days — while Marana listings took closer to two months. Here’s how each submarket closed out the month.
MLSSAZ sales · September 1 – 30, 2026 · low-volume areas (under ~20 sales) swing widely month to month
The read
What September's numbers tell us
September’s Tucson market added inventory faster than it added buyers — and that is the whole story. Active listings reached 3,279 by October 20, about 4.86 months of supply and the deepest selection buyers have had in years. Closings slipped to 675, down 8.5% from September 2025, and sales volume came in at $289.1 million, down 5.6%. Yet the overall median sale price still edged up 1.4% to $350,000, and the average price rose 3.2% to $428,254. Homes closed an average of 1.80% below their final asking price, with sellers netting roughly 98.2% of the last list price. Supply is growing, demand is thinning, and prices have not yet followed either one.
For sellers, the price-cut data is the message. 49% of active listings — 1,600 homes — have already taken at least one reduction, with the median seller cutting 23 days in and the average active reduction running 6.8%. Among homes that closed between September 1 and October 1, 42% had reduced their price, and those sellers finished an average of 8.4% below their original list price — on a $400,000 home, that is more than $33,000 given back one cut at a time. Single-family medians were essentially flat at $369,000 (down 0.3%); townhomes and condos posted a 9.5% gain to $262,500 on just 89 sales, so read that number as mix-driven rather than a trend. Pricing to today’s comparables on day one still beats chasing the market down.
Rates are the pressure point. The 30-year fixed stood at 7.40% on October 15 and the 15-year at 6.71%, and the purchase mortgage application index sat at 139.3 for the week of October 5. New pending contracts fell 14.6% to 631 in September, and active listings are now sitting a median of 60 days. Financed buyers should compare the full package — seller concessions, closing-cost help and rate buydowns — not just the sticker price. With nearly five months of supply, this is the most negotiable Tucson market in several years, and the well-priced, well-presented homes are the ones still closing.
Market data charts
The trend lines
Closed sales
Median SF sales price
SF median days on market
Active listings · October 20
Where rates sit
The full September report
Every chart, data table, and neighborhood breakdown from September's MLS pull, in one PDF.
FAQ
September 2026, answered
The median sale price for all property types in Tucson was $350,000 in September 2026, up 1.4% from the prior year. Single-family homes had a median of $369,000 (down 0.3%), while townhomes and condos came in at $262,500 (up 9.5%, on just 89 sales).
Tucson is leaning toward buyers as of fall 2026. With 3,279 active listings, about 4.86 months of supply as of October 20, and 49% of active listings carrying a price reduction, buyers have real negotiating leverage — particularly on homes that have been sitting past the 60-day median for active listings.
Median days on market for homes that closed in September 2026 was 34 days (single-family 34, townhomes and condos 39), with single-family homes averaging 49 days. Listings still active have been on the market a median of 60 days, and the median seller who reduced their price did so after 23 days.
$225 across all property types in September 2026, down 0.6% year-over-year. Single-family homes averaged $229/sqft (down 2.2%); townhomes and condos averaged $222/sqft (up 7.8%).
As of October 20, 2026 there were 3,279 active listings and 322 pending listings — approximately 4.86 months of supply. September brought 1,211 new listings (down 2.9% year-over-year) and 631 new pending contracts (down 14.6%).
Blaine Bond · REALTOR® · Tierra Antigua Realty
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