Tucson Real Estate April 2022 Market Update
Oro Valley, AZ
In the Oro Valley area, April 2022 active inventory was 52, an 12% decrease from April 2021. There were 79 closings in April 2022, a 28% decrease from April 2021. Year-to-date 2022 there were 320 closings, a 12% decrease from year-to-date 2021. Months of Inventory was 0.7, up from 0.5 in April 2021. Median price of sold homes was $499,000 for the month of April 2022, up 15% from April 2021. The Oro Valley area had 95 new properties under contract in April 2022, down 18% from April 2021.
North Tucson
In the Tucson North area, April 2022 active inventory was 113, a 3% decrease from April 2021. There were 149 closings in April 2022, a 15% decrease from April 2021. Year-to-date 2022 there were 561 closings, a 10% decrease from year-to-date 2021. Months of Inventory was 0.8, up from 0.7 in April 2021. Median price of sold homes was $565,000 for the month of April 2022, up 31% from April 2021. The Tucson North area had 176 new properties under contract in April 2022, down 10% from April 2021.
Dove Mountain
In the Dove Mountain area, April 2022 active inventory was 30, a 20% increase from April 2021. There were 29 closings in April 2022, a 40% decrease from April 2021. Year-to-date 2022 there were 102 closings, a 35% decrease from year-to-date 2021. Months of Inventory was 1.0, up from 0.5 in April 2021. Median price of sold homes was $540,000 for the month of April 2022, up 4% from April 2021. The Dove Mountain area had 26 new properties under contract in April 2022, down 35% from April 2021.
Saddlebrooke
In the SaddleBrooke area, April 2022 active inventory was 16, a 16% decrease from April 2021. There were 38 closings in April 2022, a 5% decrease from April 2021. Year-to-date 2022 there were 122 closings, a 10% decrease from year-to-date 2021. Months of Inventory was 0.4, down from 0.5 in April 2021. Median price of sold homes was $521,000 for the month of April 2022, up 5% from April 2021. The SaddleBrooke area had 30 new properties under contract in April 2022, down 27% from April 2021.
Suncity Oro Valley
In the Sun City Oro Valley area, April 2022 active inventory was 7, a 17% increase from April 2021. There were 13 closings in April 2022, a 28% decrease from April 2021. Year-to-date 2022 there were 52 closings,a 20% decrease from year-to-date 2021. Months of Inventory was 0.5, up from 0.3 in April 2021. Median price of sold homes was $425,000 for the month of April 2022, up 25% from April 2021. The Sun City Oro Valley area had 17 new properties under contract in April 2022, up 31% from April 2021.
Tucson Luxury Real Estate
In the Tucson Luxury market, April 2022 active inventory was 193, a 18% increase from April 2021. There were 99 closings in April 2022, a 9% increase from April 2021. Year-to-date 2022 there were 347 closings, a 27% increase from year-to-date 2021. Months of Inventory was 1.9, up from 1.8 in April 2021. Median price of sold homes was $1,074,151 for the month of April 2022, up 2% from April 2021. The Tucson Luxury area had 98 new properties under contract in April 2022, virtually unchanged from April 2021.
Continental Ranch
In the Continental Ranch area, April 2022 active inventory was 5, a 150% increase from April 2021. There were 26 closings in April 2022, a 16% decrease from April 2021. Year-to-date 2022 there were 82 closings, a 18% decrease from year-to-date 2021. Months of Inventory was 0.2, up from 0.1 in April 2021. Median price of sold homes was $360,000 for the month of April 2022, up 20% from April 2021. The Continental Ranch area had 27 new properties under contract in April 2022, unchanged from April 2021.
