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Featured local agent — Tanque Verde, AZ
Sarah Mitchell
Compass Real Estate · Tanque Verde, AZ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Tanque Verde, AZ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$720,000median sale price
How is the Tanque Verde, AZ housing market right now?
The median home sale price in Tanque Verde, AZ is $720,000, up 1.7% year-over-year. Homes sell in an average of 71 days with 90 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Tanque Verde a buyer's or seller's market?
Tanque Verde, AZ is currently a balanced market, based on 3.9 months of supply and homes selling in about 71 days. How we determine this →
Homes sold
23
Last 12 weeks
Days on market
71
Average pace
Active listings
90
3.9 months supply
Sale-to-list
97.7%
Below asking
What does the Tanque Verde housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $720,000 |
| Median list price | $730,000 |
| Year-over-year price change | +1.7% |
| Average days on market | 71 days |
| Active inventory | 90 listings |
| Months of supply | 3.9 months |
| Sale-to-list price ratio | 97.7% |
| Median price per sq ft | $287/sq ft |
| Homes sold (latest month) | 23 |
| New listings (latest month) | 32 |
| Listings with a price cut | 30.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Tanque Verde by property type?
How the Tanque Verde, AZ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $720,000 | $287/sq ft | 23 | 71 days |
| Townhouse | $555,000 | $226/sq ft | 1 | 349 days |
Source: Redfin · Updated monthly
The Tanque Verde housing market is currently classified as a balanced market with a median sale price of $720,000. Prices have risen 1.7% compared to last year, with homes spending an average of 71 days on market, indicating 3.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Tanque Verde
There are currently 90 homes listed for sale in Tanque Verde, Arizona. The median listing price is $730K.
Active listings
90
Homes on market
Median list price
$730K
Avg. days on market
71
Days until sale
New this week
32
Newly listed
Who lives in Tanque Verde?
Population
15,531
Median income
$119,212/yr
Median age
57.5 years
Owner-occupied
95.8%
College grads
56.8%
Avg commute
29.5 min
Source: U.S. Census Bureau ACS
What is it like to live in Tanque Verde?
Tanque Verde is a community of approximately 16K residents with a median age of 57.5 years.The median household income is $119,212, which reflects a relatively affluent area with strong earning potential. 56.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 95.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Tanque Verde offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Tanque Verde, AZ?
Want a head-to-head view? Compare Tanque Verde side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Tanque Verde?
The median home sale price in Tanque Verde is $720,000, up 1.7% from last year.
How long do homes stay on market in Tanque Verde?
Homes typically spend 71 days on market before going under contract.
What is the median income in Tanque Verde?
The median household income is $119,212 per year.
Is Tanque Verde a buyer's or seller's market?
With 3.9 months of supply, Tanque Verde is currently a balanced market.
How much does a single-family home cost in Tanque Verde?
The median single-family home price in Tanque Verde, AZ is $720,000 (about $287 per square foot).
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