The Tucson land market continued to show signs of moderation in May, with transaction volume slowing but inventory levels holding steady. Buyers remain active but are increasingly discerning, favoring value-priced, well-located parcels that are ready to build.
Market Highlights
- Active inventory reached 726, a slight 2% increase from May 2024.
- 49 closings were recorded, a 36% decrease compared to May 2024.
- Year-to-date closings totaled 256, down 19% from the same time last year.
- Median sold price was $110,857, an 11% drop year-over-year.
- Months of inventory climbed to 14.8, up from 9.4 in May 2024.
- 43 new properties went under contract, a 59% decrease from May 2024.
While these numbers reflect a continued buyer’s market, opportunities remain for sellers with build-ready, well-positioned lots. Market activity continues in certain price bands, particularly under $150,000, as buyers look for a balance of location, views, and infrastructure.
Download the Full Report
To explore a detailed breakdown by price range, inventory trends, and market share, download the complete Tucson Land Market Report – May 2025 and stay informed on local market dynamics.
