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

Housing Market Conditions



Gauge showing Tonopah is a seller's market


Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Tonopah, AZ

How much do homes in Tonopah, AZ cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2023


Key Takeaway

The sold price of homes in Tonopah has remained the same since last year.

Summary: The median home sold price in Tonopah was $400,000 in February 2024, the same as last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$165K
2 $245K$290K
3 $377.9K$372K
4 $430K$410K
5+ $560K$406K

Summary: Tonopah housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.4%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 27.5%.

Median Sold Price Compared To Nearby Cities


Housing Supply in Tonopah, AZ

How many homes are available in Tonopah, AZ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

Summary: The Tonopah real estate market had 50 homes for sale in February 2024, a 16.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
2 55
3 1113
4 2228
5+ 43

Summary: The Tonopah housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tonopah, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Tonopah in February 2024, up by 200.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.

Days on Market for Tonopah, AZ

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

Average Sale Time

Feb 2023Feb 2024CHANGE
78 Days67 Days-14.1%

Summary: Homes in Tonopah had an average of 67 days on market in Feb 2024, down by 14.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tonopah has remained consistent over time.

Summary: During February 2024, 9 homes were sold in Tonopah; 22% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 22% 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 4 Days Ago

Newest Listings in Tonopah, AZ

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What housing markets are near Tonopah, AZ?