Is Tolleson, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tolleson is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Tolleson has remained a Seller's Market.

Key Takeaway

Tolleson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Tolleson, AZ

How much do homes in Tolleson, AZ cost?

Median Sold Price

$405,000

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$5,522(-1.3%)

Key Takeaway

Homes in Tolleson have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in Tolleson was $405,000 in April 2024, down 1.3% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $299K$275K
-8.0%
3 $391.2K$384.2K
-1.8%
4 $420.9K$414.9K
-1.4%
5+ $467.2K$463.7K
-0.7%

Summary: Tolleson housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 0.7%.

Median Sold Price Compared To Nearby Cities

Phoenix
+2.6%
Avondale
+0.6%
Tolleson
-1.3%

Housing Supply in Tolleson, AZ

How many homes are available in Tolleson, AZ?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
197188-4.6%

Summary: The Tolleson real estate market had 188 homes for sale in April 2024, a 4.6% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 6462
-3.1%
4 10396
-6.8%
5+ 3029
-3.3%

Summary: The Tolleson housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 3.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
5450-7.4%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tolleson, expect to pay close to the asking price. 44% of homes here sold near the asking price last month.

Summary: A total of 50 homes were sold or pending in Tolleson in April 2024, down by 7.4% month-over-month. Of the 50 sold homes, 24% were sold under asking, 44% were sold at asking, and 32% were sold over asking.

Days on Market for Tolleson, AZ

How long does it take to sell a home in Tolleson, AZ?

Average Sale Time

Apr 2023Apr 2024CHANGE
54 Days32 Days-39.8%

Summary: Homes in Tolleson had an average of 32 days on market in Apr 2024, down by 39.8% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tolleson are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 50 homes were sold in Tolleson; 56% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

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