Is Tolleson, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Tolleson has remained a Seller's Market.
Housing Prices in Tolleson, AZ
How much do homes in Tolleson, AZ cost?
Median Sold Price
$404,925
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tolleson was $404,925 in March 2024, down 3.5% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $261.5K | $355K | +35.8% |
3 Bedrooms | $400K | $383.3K | -4.2% |
4 Bedrooms | $425K | $414.3K | -2.5% |
5+ Bedrooms | $470K | $463.7K | -1.3% |
Summary: Tolleson housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.8%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 1.3%.
Housing Supply in Tolleson, AZ
How many homes are available in Tolleson, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
187 | 184 | -1.6% |
Summary: The Tolleson real estate market had 184 homes for sale in March 2024, a 1.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 67 | 62 | -7.5% |
4 Bedrooms | 87 | 92 | +5.7% |
5+ Bedrooms | 32 | 29 | -9.4% |
Summary: The Tolleson housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 9.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
54 | 53 | -1.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in Tolleson in March 2024, down by 1.9% month-over-month. Of the 53 sold homes, 23% were sold under asking, 57% were sold at asking, and 21% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
72 Days | 43 Days | -40.8% |
Summary: Homes in Tolleson had an average of 43 days on market in Mar 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 53 homes were sold in Tolleson; 51% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.