In January 2025, the Tucson, Arizona housing market demonstrated steady growth, reflecting its resilience and appeal. The median single-family home sales price reached $372,000, marking a 0.5% increase compared to January 2024. Homes typically remained on the market for 29 days before going under contract, indicating a balanced pace in buyer-seller interactions.
The market experienced a slight decline in closed sales, with 566 transactions completed in January, representing an 11.3% decrease from the same period last year. Active listings stood at 2,620, suggesting a stable inventory level.
Rental prices also saw an uptick, with the average rent for a two-bedroom apartment rising to $1,300 per month, offering budget-friendly options for newcomers.
Looking ahead, forecasts for Tucson’s housing market in 2025 vary. Realtor.com projects a significant 12.4% increase in home prices, while Redfin anticipates a more modest 4% growth. Zillow offers a conservative estimate, predicting a 0.3% rise in home values.
Overall, Tucson’s real estate market in January 2025 reflects steady growth, with expectations of continued appreciation in property values throughout the year.
