Is Tonopah, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$405,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tonopah was $405,000 in April 2024, up 1.3% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $165K | N/A |
2 Bedrooms | $264K | $255K | -3.4% |
3 Bedrooms | $362K | $375K | +3.6% |
4 Bedrooms | $410K | $415K | +1.2% |
5+ Bedrooms | $495K | $573K | +15.8% |
Summary: Tonopah housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 15.8%.
Housing Supply in Tonopah, AZ
How many homes are available in Tonopah, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 59 | +15.7% |
Summary: The Tonopah real estate market had 59 homes for sale in April 2024, a 15.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 17 | 15 | -11.8% |
4 Bedrooms | 28 | 35 | +25.0% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Tonopah housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Tonopah in April 2024, up by 33.3% month-over-month. Of the 12 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 90 Days | +41.0% |
Summary: Homes in Tonopah had an average of 90 days on market in Apr 2024, up by 41% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Tonopah; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.