The Tucson land market continued its late-summer cooling trend in August, with fewer closings and overall sales volume dipping further. However, buyers are still watching, and acting, especially in segments under $150,000, where activity showed renewed interest. Despite the seasonal slowdown, a 21% increase in new contracts suggests that well-positioned opportunities are still gaining traction.
Market Highlights
- Active Inventory: 661 listings, down 9% from August 2024.
- Closings: 39 properties sold, a 22% decrease year-over-year.
- Year-to-Date Closings: 393, reflecting an 18% drop from this time last year.
- Months of Inventory: 16.9, up from 14.5 one year ago.
- Median Sold Price: $145,200, down 16% from August 2024.
- New Contracts: 47, representing a 21% increase from August 2024.
What It Means
While the number of closings declined, the increase in new contracts is a positive signal for sellers offering the right mix of value and location. Build-ready lots with strong views, easy utility access, or proximity to amenities continue to stand out. With nearly 17 months of inventory on the market, buyers remain selective, but competitively priced parcels, particularly under $150,000, can still generate movement in this cautious environment.
Download the Full Report
To explore deeper insights by lot size, price segment, and inventory trends, download the complete August 2025 Tucson Land Market Report.
