The Tucson land market in March showed signs of seasonal momentum, with rising inventory and a notable increase in pricing. While closings were down, the value of land sales continued to climb, reflecting interest in premium and buildable parcels.
Market Highlights
-
Active inventory reached 746, a 4% increase from March 2024.
-
55 closings were recorded, a 10% decrease from the same month last year.
-
Year-to-date closings reached 151, down 6% from this time in 2024.
-
The median sold price jumped to $144,502, marking a 47% increase year-over-year.
-
Months of inventory rose to 13.6, up from 11.7 in March 2024.
-
53 new properties went under contract, a 13% decline compared to March 2024.
While transaction volume eased slightly, price growth and increased market activity in select price bands indicate a market still driven by value and location. Buyers are active, but cautious—favoring lots that are well-priced and ready to build.
Download the Full Report
To explore more detailed breakdowns by price range and inventory trends, download the complete Tucson Land Market Report – March 2025 and stay ahead of local market shifts.
