Tucson’s Housing Market Pulse – April 2025
Ben & Kim Boldt – Tucson’s Top Realtor Team
The Tucson Housing Market Pulse at the end of April 2025, shows the Median sales price decreased 1.6% from April 2024 and stands at $368,000. The average sales price decreased 1.0% over April 2024 to $454,330.
Median days on market was 28 for April 2025. That’s an INCREASE of 7 days from the prior year.
One more thing, the ratio of sales price to list price was 98.14% for April 2025. Active listings at the end of February stood at 4,771. Single-family at 3.928, Townhouses at 334, Condominiums at 259 and Manufactured homes at 197.
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The Tucson Housing Market Pulse April 2025 – All Homes – Single Family – Condos/Townhomes – Manufactured Homes
The Takeaway
Mortgage Rates
Our “internet review” as of Wednesday, May 07, 2025, shows current interest rates in Arizona are 6.65% for a 30-year fixed mortgage and 5.68% for a 15-year fixed mortgage.
Mortgage rates in Arizona can vary based on several factors, including your location, credit score, and broader economic conditions like inflation. While mortgage rates in Arizona and nationwide are difficult to predict, rates have trended upward since late 2024 and early 2025. Many economists predict that mortgage rates will mostly hold between 6 and 7 percent throughout much of 2025. But remember that rates change frequently, and fluctuations can happen in response to various market forces and federal policy.
For months, mortgage rates have been held aloft by the combination of a still-strong economy, inflation fears and growing concerns about a rising federal deficit.
So much for hopes that mortgage rates were headed back into the 5 percent range.
> Inventory Of Homes for Sale
New listings came in at 2,117 at the end of April. An increase of 312 over the prior year. Active listings stand at 4,771. That is up 193 units (4.2%) over the prior month.
> Prices
Both the median and average price of a Tucson had a year of year decline in April 2025. The median price declined 1.6% to $368,000, while the average price declined 1.0% to $454,330.
> The Bottom Line
Mortgage rates have moved to the mid 6% range since during the last 30 days. However, unless the economy weakens it is doubtful rates below 6% are not in the future.
April is the first month where year over year home prices have declined. Albeit a small amount. We are seeing an increased number of price reductions for active listings in the Tucson MLS. Most notably in active adult communities. This may be a result of the opening of a new assisted living facility in Oro Valley, AZ.
New home builders are experiencing a sales slowdown and providing incentives to boost sales. Many buyers like the idea of a new home and no remodeling or updating. New home builder price incentives and lower mortgage rate financing may also play a part in the new construction home buying option. But buyers MUST pay attention to the upgrades they want in their home and SHOULD NOT go over 20% of the base price.
Considering A Home Tucson – Give Us a Call
Finding the right home can be a challenging process. But we can make the process much less stressful for you.
We have been Tucson Realtors since 2002, and we know Tucson and the Tucson Real Estate market. As a top Realtor team, we invest the time to understand your home buying interests and desires.
At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.
Why? We want you to know what to expect. And what to plan for.
Conclusion
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Go to the Tucson Housing Market Pulse archives for a look at recent housing reports and trends.
By the way, if you missed last month’s issue of the Tucson Housing Market Pulse its right here March 2025 Tucson Housing Market Pulse.