Old Republic Title Market Report

Tolleson, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Tolleson, AZ

Wed Oct 23 2019
This week the median list price for Tolleson, AZ is $272,747 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has held steady at or around 68. Click here to stay informed with the Tolleson market!

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 recently plateaued. 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.

Tolleson, AZ

Wed Oct 23 2019
This week the median list price for Tolleson, AZ is $272,747 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has held steady at or around 68. Click here to stay informed with the Tolleson market!

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 recently plateaued. 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

Never miss important changes in the Tolleson market.
Median List Price $272,747
Per Square Foot $134
Days on Market 63
Price Decreased 25%
Price Increased 31%
Relisted 4%
Inventory 68
Median House Rent $1,495
Most Expensive $650,000
Least Expensive $207,000
Market Action Index
Strong Seller's Market
54

The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

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
$339,900 2,747 8,000 - 10,000 sqft 4 2 14 2 2 79
$283,045 2,006 0 - 4,500 sqft 3 2 0 1 2 77
$267,000 2,006 0 - 4,500 sqft 3 2 0 1 1 49
$236,990 1,580 0 - 4,500 sqft 3 2 13 9 6 44