Is Tonopah, 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, 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
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tonopah was $400,000 in March 2024, the same as last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $165K | N/A |
2 Bedrooms | $264K | $260K | -1.5% |
3 Bedrooms | $374K | $373.5K | -0.1% |
4 Bedrooms | $420K | $415K | -1.2% |
5+ Bedrooms | $560K | $406K | -27.5% |
Summary: Tonopah 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 decreased by 1.5%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 1.2%, 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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 49 | +2.1% |
Summary: The Tonopah real estate market had 49 homes for sale in March 2024, a 2.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 14 | 16 | +14.3% |
4 Bedrooms | 26 | 25 | -3.8% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Tonopah 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 increased by 14.3%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Tonopah in March 2024, down by 10.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
94 Days | 99 Days | +5.6% |
Summary: Homes in Tonopah had an average of 99 days on market in Mar 2024, up by 5.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Tonopah; 11% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.