First Integrity Title Market Report

Tucson, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372


Tucson, AZ

Mon Dec 11 2023
This week the median list price for Tucson, AZ is $290,000 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has increased to 193. 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 Dec 11 2023
This week the median list price for Tucson, AZ is $290,000 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has increased to 193. 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 $290,000
Median Price of New Listings $289,900
Per Square Foot $234
Average Days on Market 113
Median Days on Market 49
Price Decreased 33%
Price Increased 1%
Relisted 21%
Inventory 193
Median Rent
Market Action 40
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$550,000 1,865 4,500 - 6,500 sqft 2 2 36 6 4 66
$349,915 1,429 0 - 4,500 sqft 2 2 38 11 7 42
$265,000 1,104 0 - 4,500 sqft 2 2 43 14 6 35
$162,500 850 0 - 4,500 sqft 2 1 51 6 6 56