Amy Gerrish, Realtor & Data Scientist.

Tonopah, AZ 85354

Single-Family Homes

Realty Executives



Tonopah, AZ 85354

Mon Oct 19 2020
This week the median list price for Tonopah, AZ 85354 is $322,500 with the market action index hovering around 51. This is an increase over last month's market action index of 47. Inventory has held steady at or around 10. Click here to stay informed with the Tonopah market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Tonopah, AZ 85354

Mon Oct 19 2020
This week the median list price for Tonopah, AZ 85354 is $322,500 with the market action index hovering around 51. This is an increase over last month's market action index of 47. Inventory has held steady at or around 10. Click here to stay informed with the Tonopah market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Tonopah market.
Median List Price $322,500
Per Square Foot $143
Days on Market 118
Price Decreased 30%
Price Increased 10%
Relisted 0%
Inventory 10
Median Rent $1,050
Most Expensive $470,000
Least Expensive $155,000
Market Action 51
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$434,950 3,319 2.5 - 5 acres 4 2 5 0 0 136
$352,449 3,140 1 - 2.5 acres 5 4 15 0 0 56
$315,000 2,072 1 - 2.5 acres 4 2 0 1 0 18
$200,000 1,586 1 - 2.5 acres 3 2 12 0 0 245