April brought a shift in the Tucson land market as overall activity slowed, but inventory remained strong. While closings and new contracts declined, well-located parcels continue to draw attention, especially those offering value and build-readiness.
Market Highlights
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Active inventory reached 742, a 7% increase from April 2024.
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53 closings were recorded, marking a 34% decrease from year-over-year.
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Year-to-date closings totaled 204, down 15% from the same time last year.
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The median sold price dropped to $115,358, a 14% decrease from April 2024.
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Months of inventory climbed to 14.0, up from 8.7 the previous year.
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57 new properties went under contract, a 27% decrease compared to April 2024.
While the numbers indicate a continued buyer’s market, it’s important to note that inventory across price bands remains active. Buyers appear to be more selective, focusing on location, access to utilities, and pricing relative to comparable sales.
Download the Full Report
To explore more detailed breakdowns by price range and inventory trends, download the complete Tucson Land Market Report – April 2025 and stay informed on where the market is heading.
