First Integrity Title Market Report

Tucson, AZ

Single-Family Homes

www.FirstIntegrityTitle.com | 888-636-0372



Tucson, AZ

Mon Jun 24 2024
This week the median list price for Tucson, AZ is $420,445 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has increased to 1,541. Click here to stay informed with the Tucson market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Tucson, AZ

Mon Jun 24 2024
This week the median list price for Tucson, AZ is $420,445 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has increased to 1,541. Click here to stay informed with the Tucson market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Tucson market.
Median List Price $420,445
Median Price of New Listings $383,000
Per Square Foot $236
Average Days on Market 74
Median Days on Market 42
Price Decreased 46%
Price Increased 7%
Relisted 9%
Inventory 1,541
Median Rent
Market Action 41
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$900,000 3,068 0.5 - 1 acre 4 3 31 33 36 56
$499,000 2,156 6,500 - 8,000 sqft 3 2 20 48 40 35
$375,000 1,800 4,500 - 6,500 sqft 3 2 22 56 45 35
$305,950 1,352 6,500 - 8,000 sqft 3 2 34 66 69 35