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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tonopah is a seller's market

Buyer's
Market

Difference Since January 2022

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.

How much do homes in Tonopah, AZ cost?

Median Sold Price

$399,995

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$19,000(+5.0%)

Key Takeaway

Homes in Tonopah have sold for 5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 --
N/A
2 $248K$278.7K
+12.4%
3 $324.7K$380K
+17.0%
4 $400.7K$430K
+7.3%
5+ $577K$560K
-2.9%

Median Sold Price Compared To Nearby Cities

Buckeye
+13.1%
Wittmann
+12.4%
Tonopah
+5.0%

How many homes are available in Tonopah, AZ?

Number of Homes For Sale

Dec 2022Jan 2023%
3839+2.6%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 23
+50.0%
3 1615
-6.3%
4 1921
+10.5%
5+ 10
-100.0%

Number of Homes Sold

Dec 2022Jan 2023%
97-22.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 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. 57.1% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
31 Days106 Days+235.6%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 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.

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

About Tonopah, AZ

Homes for sale in Tonopah, AZ have reached 39. The number of listings in Tonopah, AZ increased by 2.6% between December 2022 and January 2023. In January 2023, listings were on the market for 106 days. During the same period, the median list price in this real estate market was $399,995. This housing market listing prices have changed between December 2022 and January 2023: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices increased by 12.4%, 3 bedrooms properties prices increased by 17%, the cost of 4 bedrooms properties went up by 7.3%, prices of 5 bedrooms properties went down by 2.9%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 50% more available, the quantity of 3 bedrooms homes went down by 6.3%, number of 4 bedrooms homes increased by 10.5%, 5 bedrooms homes inventory decreased by 100%. While more than 1 listings in Tonopah, AZ in January 2023 were sold above asking price, there were more than 2 listings sold at asking price, and more than 4 were sold below.

Related Housing Market Reports