Highlights for Tucson housing market for August 2024: the median single-family home sales price was $365,000. While the average days on market was 23 days. There were a total of 2,222 active listings in Tucson. Meanwhile, closed home sales in Tucson was 719 sales down 16.8% year-over-year.
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These numbers can be positive or negative depending on which side of the fence you are on… Buyer or Seller?
Below are some essential data charts to show how the Tucson housing market is trending for August 2024.
CLICK ON THE CHARTS BELOW TO SEE THEM BIGGER.
Total real estate sales in Tucson for the month of August 2024 were 719 close sales down 16.8% year over year as shown in the chart above.
In August 2024, the median home sales price in Tucson of a single-family home was $365,000 and $255,000 for townhouses/condos.
Which was a -0.5% year-over-year change for single-family homes and up 2.00% year-over-year change for townhouses/condos from the previous year shown in the chart above.
In August 2024, the average days it took a single-family home to sell was 23 days in the chart above.
In August 2024, the number of active listings in Tucson, Arizona was 2,222.
The above chart is the overall snapshot of how the Tucson housing market faired for August 2024. It includes all types of properties: single-family residences, townhouse, condominiums, manufactured homes and mobile homes.
The average $/sqft of homes sold in Tucson for August 2024 was $231 $/sqft.
Active listings and home inventory numbers are a key indicator to keep an eye on.
If this downward or even slight increase in inventory continues, look for the Tucson housing market to continue to be strong and home prices to move up creating a sellers’ market in Tucson, Arizona.
As home inventory levels begin to decrease there is less to chose from. So when you see a home that you like that is properly priced moving quickly is key to getting your offer accepted.
As the number of listings decreases, sellers are poised to sell their home faster and for more money. Marketing and making your home look great are the keys to selling your home FAST and for MORE MONEY.
As a seller, your home is one of three listings:
Which type of listing do you want to be?
Having a skilled real estate team is the key to saving thousands of dollars when buying or selling a home with the least amount of hassles. Put the Tyler Ford Real Estate Team powered by eXp Realty in Tucson to work for you. We would love to earn your business!
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There are tons of good reasons now is a good time to buy a home in Tucson, AZ. Give us a call about home ownership today.
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