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 February 2023

Since last year, Tonto National Forest has remained a Buyer'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

$424/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$165,856(+14.0%)

Key Takeaway

Homes in Tonto National Forest have sold for 14% more than they did a year ago.

Summary: The median home sold price in Tonto National Forest was $1,350,000 in February 2024, up 14% from last year, and the median price per square foot was $424.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$875K
N/A
2 $779K$694K
-10.9%
3 $1.1M$1.3M
+18.0%
4 $1.4M$1.5M
+13.2%
5+ $2.1M$3.0M
+42.9%

Summary: Tonto National Forest 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 decreased by 10.9%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 42.9%.

Housing Supply in Tonto National Forest, AZ

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

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
405452+11.6%

Summary: The Tonto National Forest real estate market had 452 homes for sale in February 2024, a 11.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 5870
+20.7%
3 146159
+8.9%
4 148167
+12.8%
5+ 5356
+5.7%

Summary: The Tonto National Forest 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 increased by 20.7%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 5.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2748+77.8%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

3 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. 72.9% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in Tonto National Forest in February 2024, up by 77.8% month-over-month. Of the 48 sold homes, 73% were sold under asking, 21% 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

Feb 2023Feb 2024CHANGE
106 Days141 Days+32.6%

Summary: Homes in Tonto National Forest had an average of 141 days on market in Feb 2024, up by 32.6% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 48 homes were sold in Tonto National Forest; 42% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 35% 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 18 Days Ago

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