Is Tonopah, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Tonopah has remained a Seller's Market.
Housing Prices in Tonopah, AZ
How much do homes in Tonopah, AZ cost?
Median Sold Price
$400,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $165K | N/A |
2 Bedrooms | $245K | $290K | +18.4% |
3 Bedrooms | $377.9K | $372K | -1.6% |
4 Bedrooms | $430K | $410K | -4.7% |
5+ Bedrooms | $560K | $406K | -27.5% |
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%.
Housing Supply in Tonopah, AZ
How many homes are available in Tonopah, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
43 | 50 | +16.3% |
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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 11 | 13 | +18.2% |
4 Bedrooms | 22 | 28 | +27.3% |
5+ Bedrooms | 4 | 3 | -25.0% |
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 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 9 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
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 2023 | Feb 2024 | CHANGE |
---|---|---|
78 Days | 67 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
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.