First Integrity Title Market Report

Tucson, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 303.837.9171



Tucson, AZ

Thu Dec 08 2022
This week the median list price for Tucson, AZ is $276,000 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has increased to 256. 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

Thu Dec 08 2022
This week the median list price for Tucson, AZ is $276,000 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has increased to 256. 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 $276,000
Median Price of New Listings $249,000
Per Square Foot $211
Average Days on Market 76
Median Days on Market 42
Price Decreased 47%
Price Increased 1%
Relisted 16%
Inventory 256
Median Rent
Market Action 39
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
$485,000 1,932 0 - 4,500 sqft 2 2 37 4 7 38
$319,950 1,467 0 - 4,500 sqft 3 2 37 6 6 45
$250,000 1,211 0 - 4,500 sqft 2 2 43 3 12 42
$175,000 917 0 - 4,500 sqft 2 1 49 12 8 56