After a brief burst of renewed activity in September, the Tucson land market returned to a slower pace in October. Both closings and new contracts saw sharp declines year-over-year, with overall buyer activity tapering off as we head into the final quarter of the year. However, a 26% surge in median sold price points to strong performance in select price bands, particularly for well-located, build-ready parcels. With inventory ticking slightly upward and demand softening, sellers should stay strategic and focused on value.
Market Highlights
- Active Inventory: 700 listings, down 5% from October 2024.
- Closings: 29 properties sold, a 40% decrease year-over-year.
- Year-to-Date Closings: 476, reflecting a 16% drop from this time last year.
- Months of Inventory: 24.1, up from 15.3 one year ago.
- Median Sold Price: $165,379, up 26% from October 2024.
- New Contracts: 30, representing a 49% decrease from October 2024.
What It Means
The October stats paint a picture of a more cautious market. Fewer buyers are making moves, and with 24 months of inventory, it’s clearly a buyer’s market, but that doesn’t mean land isn’t moving. The sharp uptick in median price indicates that buyers are willing to pay for the right lot: those with infrastructure, mountain or city views, or proximity to key amenities like downtown Tucson or trailheads.
Sellers with build-ready lots under $150,000 may still see traction, especially if they price aggressively and highlight unique features. Meanwhile, buyers may find more negotiating room heading into Q4, as competition wanes and inventory remains elevated.
Download the Full Report
For a closer look at lot size trends, inventory shifts, and price band performance, download the complete October 2025 Tucson Land Market Report.
