Lawyers Title Market Report

Tolleson, AZ 85353

Single-Family Homes

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Tolleson, AZ 85353

Sat Jun 12 2021
This week the median list price for Tolleson, AZ 85353 is $415,000 with the market action index hovering around 93. This is less than last month's market action index of 95. Inventory has increased to 21. 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 85353

Sat Jun 12 2021
This week the median list price for Tolleson, AZ 85353 is $415,000 with the market action index hovering around 93. This is less than last month's market action index of 95. Inventory has increased to 21. 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 $415,000
Median Price of New Listings $335,000
Per Square Foot $188
Average Days on Market 11
Median Days on Market 7
Price Decreased 14%
Price Increased 5%
Relisted 0%
Inventory 21
Median Rent $1,995
Market Action 93
Strong Seller's Market

While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as 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
$530,000 2,738 0.5 - 1 acre 4 3 21 2 1 7
$431,000 2,747 4,500 - 6,500 sqft 4 3 11 1 0 14
$379,900 2,018 4,500 - 6,500 sqft 4 3 14 2 2 7
$322,450 1,578 4,500 - 6,500 sqft 3 2 14 5 3 0