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 December 2020

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

$374,500

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$100,500(+36.7%)

Key Takeaway

Homes in Tonopah have sold for 36.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $160K$248K
+55.0%
3 $249K$322.2K
+29.4%
4 $293.5K$399.9K
+36.3%
5+ $308.6K$577K
+87.0%

Median Sold Price Compared To Nearby Cities

Tonopah
+36.7%
Buckeye
+33.9%
Wittmann
+24.0%

How many homes are available in Tonopah, AZ?

Number of Homes For Sale

Nov 2021Dec 2021%
4036-10.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 43
-25.0%
3 1921
+10.5%
4 1410
-28.6%
5+ 32
-33.3%

Number of Homes Sold

Nov 2021Dec 2021%
118-27.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 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, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Average Sale Time

Dec 2020Dec 2021%
109 Days36 Days-66.3%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tonopah are selling fast, if you're buying plan to act quickly.

About Tonopah, AZ

Homes for sale in Tonopah, AZ have reached 36. In December 2021 in Tonopah, AZ there were 10% less homes for sale than in November 2021. In December 2021, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $374,500. Listing prices have changed in this real estate market between November 2021 and December 2021: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 55%, the cost of 3 bedrooms properties went up by 29.4%, prices of 4 bedrooms properties went up by 36.3%, prices of 5 bedrooms properties went up by 87%. This housing market inventory have changed: 1 bedroom homes inventory did not change, number of 2 bedrooms homes decreased by 25%, 3 bedrooms homes became 10.5% more available, 4 bedrooms homes became 28.6% less available, 5 bedrooms homes became 33.3% less available. Over 1 listings were sold over their listed price in December 2021 in Tonopah, AZ. In the same period over 3 listings were sold below the listed price and 4 listings were sold for the listed price.

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