Is Tonto National Forest, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Tonto National Forest was a Seller's Market.
Key Takeaway
Tonto National Forest is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Tonto National Forest, AZ
How much do homes in Tonto National Forest, AZ cost?
Median Sold Price
$1,344,750
$438/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tonto National Forest have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Tonto National Forest was $1,344,750 in May 2024, up 8.9% from last year, and the median price per square foot was $438.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $875K | - | N/A |
| 2 Bedrooms | $710K | $730K | +2.8% |
| 3 Bedrooms | $1.1M | $1.2M | +8.5% |
| 4 Bedrooms | $1.4M | $1.7M | +24.1% |
| 5+ Bedrooms | $1.6M | $3.1M | +86.1% |
Summary: Tonto National Forest housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 86.1%.
Housing Supply in Tonto National Forest, AZ
How many homes are available in Tonto National Forest, AZ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 445 | 426 | -4.3% |
Summary: The Tonto National Forest real estate market had 426 homes for sale in May 2024, a 4.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 77 | 69 | -10.4% |
| 3 Bedrooms | 142 | 132 | -7.0% |
| 4 Bedrooms | 169 | 167 | -1.2% |
| 5+ Bedrooms | 56 | 57 | +1.8% |
Summary: The Tonto National Forest housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.4%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 1.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 56 | 71 | +26.8% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tonto National Forest, you may be able to get a good deal. 77.5% of homes here sold below asking price last month.
Summary: A total of 71 homes were sold or pending in Tonto National Forest in May 2024, up by 26.8% month-over-month. Of the 71 sold homes, 77% were sold under asking, 20% were sold at asking, and 3% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 89 Days | 116 Days | +31.1% |
Summary: Homes in Tonto National Forest had an average of 116 days on market in May 2024, up by 31.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Tonto National Forest are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 71 homes were sold in Tonto National Forest; 24% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.