Old Republic Title Market Report

Tolleson, AZ

Single-Family Homes

www.ortc.com | 602-631-3755


Tolleson, AZ

Sat Jul 31 2021
This week the median list price for Tolleson, AZ is $425,000 with the market action index hovering around 90. This is less than last month's market action index of 96. Inventory has increased to 22. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Tolleson, AZ

Sat Jul 31 2021
This week the median list price for Tolleson, AZ is $425,000 with the market action index hovering around 90. This is less than last month's market action index of 96. Inventory has increased to 22. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Tolleson market.
Median List Price $425,000
Median Price of New Listings $365,000
Per Square Foot $191
Average Days on Market 25
Median Days on Market 11
Price Decreased 27%
Price Increased 0%
Relisted 0%
Inventory 22
Median Rent $1,895
Market Action 90
Strong Seller's Market

Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$520,000 2,291 0.5 - 1 acre 4 2 21 0 1 42
$425,000 2,423 4,500 - 6,500 sqft 4 2 14 2 1 7
$404,949 2,335 4,500 - 6,500 sqft 4 2 16 2 6 24
$291,500 1,341 0 - 4,500 sqft 3 2 18 5 6 0