Is Tonto National Forest, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tonto National Forest is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Tonto National Forest was a Seller's Market.

Key Takeaway

Tonto National Forest is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Tonto National Forest, AZ

How much do homes in Tonto National Forest, AZ cost?

Median Sold Price

$1,350,000

$426/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$152,642(+12.7%)

Key Takeaway

Homes in Tonto National Forest have sold for 12.7% more than they did a year ago.

Summary: The median home sold price in Tonto National Forest was $1,350,000 in March 2024, up 12.7% from last year, and the median price per square foot was $426.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $875K-
N/A
2 $750K$699K
-6.8%
3 $1.1M$1.3M
+18.0%
4 $1.4M$1.6M
+17.5%
5+ $2.0M$3.1M
+51.2%

Summary: Tonto National Forest 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 6.8%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 51.2%.

Housing Supply in Tonto National Forest, AZ

How many homes are available in Tonto National Forest, AZ?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
449466+3.8%

Summary: The Tonto National Forest real estate market had 466 homes for sale in March 2024, a 3.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 7275
+4.2%
3 156162
+3.8%
4 167169
+1.2%
5+ 5460
+11.1%

Summary: The Tonto National Forest 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 increased by 4.2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
5235-32.7%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tonto National Forest, you may be able to get a good deal. 77.1% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in Tonto National Forest in March 2024, down by 32.7% month-over-month. Of the 35 sold homes, 77% were sold under asking, 17% were sold at asking, and 6% were sold over asking.

Days on Market for Tonto National Forest, AZ

How long does it take to sell a home in Tonto National Forest, AZ?

Average Sale Time

Mar 2023Mar 2024CHANGE
121 Days101 Days-16.9%

Summary: Homes in Tonto National Forest had an average of 101 days on market in Mar 2024, down by 16.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tonto National Forest has remained consistent over time.

Summary: During March 2024, 35 homes were sold in Tonto National Forest; 23% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 34% 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 22 Days Ago

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