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.
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
| 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 |