Why Live in Palo Verde
Palo Verde, a neighborhood in Tucson, is known for its vibrant yellow-blooming trees and mid-century homes. Located about 4 miles east of downtown Tucson, this square-mile grid is bordered by Speedway Boulevard, Grant Road, Country Club Road, and Alvernon Way. The area features adobe, pueblo revival, and mid-century brick ranch-style homes, many dating back to the 1940s and '50s, with some even from the 1930s by architect Josias Joesler. Residents enjoy proximity to urban conveniences like grocery stores, big box retailers, and local dining spots such as Frank’s Restaurant and El Sinaloense Hot Dog Cart. The Tucson Botanical Gardens, considered one of the best in the country, is nearby, offering a butterfly garden and seasonal dog-friendly visits. Palo Verde is also close to the University of Arizona, a major community hub. For outdoor activities, residents can hike the Gates Pass Trailhead for remarkable views or explore the 60-plus miles of trails in Tucson Mountain Park. The neighborhood is served by Tucson Unified District schools, and while they have mixed ratings, they offer amenities like tennis courts and an Olympic-sized pool. Public transit options include the Sun Tran bus system and the Sun Link Streetcar, making commuting straightforward. The Tucson International Airport is about 10 miles away, providing access to 20 nonstop destinations. Palo Verde’s quiet streets, lined with towering Saguaro Cacti, offer a peaceful residential setting with easy access to Tucson's attractions and amenities.
Home Trends in Palo Verde, AZ
On average, homes in Palo Verde, Tucson sell after 55 days on the market compared to the national average of 70 days. The median sale price for homes in Palo Verde, Tucson over the last 12 months is $320,000, down 18% from the median home sale price over the previous 12 months.
Median Sale Price
$320,000
Median Single Family Sale Price
$317,840
Median Townhouse Sale Price
$563,566
Median 2 Bedroom Sale Price
$2,168,788
Median 1 Bedroom Sale Price
$1,105,000
Average Price Per Sq Ft
$262
Number of Homes for Sale
8
Last 12 months Home Sales
159
Median List Price
$391,990
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-18%