Old Republic Title Market Report
Tolleson, AZ
Single-Family Homes
www.ortc.com | 602-631-3755
Tolleson, AZ
Wed Nov 25 2020
This week the median list price for Tolleson, AZ is $330,000 with the market action index hovering around 94. This is less than last month's market action index of 96. Inventory has held steady at or around 16.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $330,000 | |
| Per Square Foot | $146 | |
| Days on Market | 76 | |
| Price Decreased | 13% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 16 | |
| Median Rent | $1,713 | |
| Most Expensive | $650,000 | |
| Least Expensive | $269,850 | |
| Market Action | 94 | |
| Strong Seller's Market | ||
The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $354,500 | 2,477 | 6,500 - 8,000 sqft | 4 | 2 | 16 | 3 | 1 | 266 |
| $340,750 | 2,373 | 0 - 4,500 sqft | 4 | 2 | 13 | 1 | 1 | 19 |
| $320,000 | 2,378 | 4,500 - 6,500 sqft | 4 | 2 | 14 | 1 | 0 | 14 |
| $282,000 | 1,669 | 6,500 - 8,000 sqft | 4 | 2 | 15 | 2 | 2 | 5 |