Tucson, Arizona started 2024 with a total of 1,307 single-family homes on the market, with a median home price of $419,900 and an average price per square foot of $252.42. By the end of the year, inventory had increased to 1,978 homes on the market (+51%), with a median home price of $409,000 (-3%), and an average price per square foot of $252 (0%).
At the start of 2024, the median days on market (DOM) was 56 days – by the end of the year, median DOM had increased to 70 days.
Tucson, Arizona started the year with 43.38% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 45.70% of homes for sale had taken a price cut.
