The Tucson land market remained steady in February, showing signs of resilience and continued opportunity. While activity was mixed, a notable rise in median pricing suggests strong demand for well-positioned, buildable lots.
Market Highlights
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Active inventory was reported at 726, a slight 3% increase from February 2024.
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45 closings were recorded, a modest 2% year-over-year increase.
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Year-to-date closings totaled 96, down 4% from the same period in 2024.
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Median price of sold lots climbed to $144,028, a 28% increase from February 2024.
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Months of inventory held steady at 16.1, unchanged year-over-year.
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44 new properties went under contract, reflecting a 4% decline from the previous year.
Despite slight declines in contracts and total year-to-date sales, the surge in median pricing signals confidence in Tucson’s land value. Buyers remain selective, and inventory levels continue to support a buyer’s market across most price points.
Download the Full Report
To view detailed market conditions, trend graphs, and inventory by price band, download the full Tucson Land Market Report – February 2025 and stay informed for your next land investment or sale.
