About Tonopah Arizona Homes
Tonopah Arizona Homes are found in the far West Side, West of Buckeye, Arizona. Your Search Results will appear below showing the “Newest Listings” first. Fine-Tune those results by simply adding more of your own criteria in the form provided below, for better and Quick Results!! Simply “click” on the home photos to display all the details for your selected home.
We can currently see (48) homes available in Tonopah today. Tonopah has a population of 7,710, with an average age of 36, and average home value of $157,905.
Whether you’re thinking about buying or selling, you can contact us directly to discuss your local market. We’d love to be your trusted real estate adviser if you’re looking to make a change this year. Please feel free to contact us with any questions, as we will be happy to hear from you – Thanks!! (480)208-7955
Corey Frederic –
Coldwell Banker Residential Brokerage
Some Real Estate listings in Tonopah, AZ
Monthly Market Report
July property sales were 5, equal to 5 in July of 2018 and -28.6% lower than the 7 sales last month. July 2019 sales were at a mid level compared to July of 2018 and 2017. July YTD sales of 30 are running 42.9% ahead of last year's year-to-date sales of 21.
The median sales price in July was $270,000, up 16.4% from $232,000 in July of 2018 and up 12.5% from $240,000 last month. The average sales price in July was $231,000, up 0.9% from $228,900 in July of 2018 and down -0.4% from $231,871 last month. July 2019 ASP was at highest level compared to July of 2018 and 2017.
The total inventory of properties available for sale as of July was 12, down -29.4% from 17 last month and up 20.0% from 10 in July of last year. July 2019 Inventory was at a mid range compared to July of 2018 and 2017.
The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer's market, a downward trend a move towards more of a seller's market. The DOM for July was 80, up from 68 days last month and up from 54 days in July of last year. The July 2019 DOM was at its highest level compared with July of 2018 and 2017.
Selling Price Per Square Foot
The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the 'mix' of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The July 2019 selling price per square foot of $107 was down -13.0% from $123 last month and down -18.3% from $131 in July of last year.
Selling Price vs Listing Price
The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer's market exists, a ratio at or above 100% indicates more of a seller's market. The July 2019 selling price vs list price of 99.1% was up from 94.0% last month and up from 98.2% in July of last year.