The Tucson land market opened 2026 with a mix of contraction and renewed activity. While closings declined sharply compared to last year and months of inventory climbed above 22 months, buyer interest showed encouraging signs. New contracts surged 34% year-over-year, and the median sold price rose 23%, suggesting that while overall volume is down, serious buyers are stepping forward for well-positioned, higher-quality parcels. The market remains cautious, but not stagnant, as we move into the early months of the year.
Market Highlights
- Active Inventory: 647 listings, down 9% from January 2025.
- Closings: 29 properties sold, a 43% decrease year-over-year.
- Year-to-Date Closings: 26, reflecting a 43% drop from this time last year.
- Months of Inventory: 22.3, up from 13.9 one year ago.
- Median Sold Price: $173,595 up 23% from January 2025.
- New Contracts: 87, representing a 34% increase from January 2025.
What It Means
January’s data points to a market firmly favoring buyers in terms of leverage, but not without momentum building beneath the surface. With 22.3 months of inventory and closings down 43% year-over-year, transaction volume remains subdued. However, the strong rise in both median price and new contracts indicates that buyers are selectively pursuing desirable lots; particularly those that are build-ready, well-located, or offer strong views and infrastructure.
For sellers, this is not a volume-driven market. Strategic pricing, clear value positioning, and highlighting buildability will be essential. For buyers, elevated inventory continues to provide negotiating power, though the increase in contracts suggests competition could strengthen as we head toward the spring building season.
Download the Full Report
For a closer look at lot size trends, inventory shifts, and price band performance, download the complete January 2026 Tucson Land Market Report.
