Tonto Basin Housing Market Report December 2024•Gila County, Arizona

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Housing Prices in Tonto Basin, AZ

How much do homes in Tonto Basin, AZ cost?

Housing Market Conditions

Is Tonto Basin, AZ a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Tonto Basin is a Seller's Market

Difference Since November 2024

Last month, Tonto Basin was a Buyer's Market.

Insight

Tonto Basin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$249,000$238/SqFt
-$40,500
-14.0%

Based on all homes sold in December 2024

Insight

Homes in Tonto Basin have sold for 14% less than they did a month ago.

Summary: The median home sold price in Tonto Basin was $249,000 in December 2024, down 14% from last month, and the median price per square foot was $238.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Young
+54.3%
Tonto Basin
-14.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsNov 2024Dec 2024Change MoM
1-$217K
N/A
2-$400K
N/A
3-$249K
N/A
4$200K-
N/A
5$379K-
N/A

Summary: Tonto Basin housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in Tonto Basin, AZ

How many homes are available in Tonto Basin, AZ?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
13Last MonthDec 2024
152 months agoNov 2024
-13.3 %
Change MoMNov – Dec

Summary: The Tonto Basin real estate market had 13 homes for sale in Dec 2024, a 13.3 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
3Last MonthDec 2024
22 months agoNov 2024
+50.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
122
0.0%
255
0.0%
354
-20.0%
422
0.0%
510
-100.0%

Summary: Tonto Basin housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -20.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes decreased by -100.0%.

Asking Price vs. Sold Price

How much do homes in Tonto Basin, AZ cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Tonto Basin, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Tonto Basin in December 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and and 0% were sold over asking.

Days on Market for Tonto Basin, AZ

How long does it take to sell a home in Tonto Basin, AZ?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days2 Homes

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in Tonto Basin has remained consistent over time.

Summary: During December 2024, 3 homes were sold in Tonto Basin; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
84 DaysLast MonthDec 2024
151 Days1 month agoNov 2024
-44.1 %
Change MoMNov – Dec

Summary: Homes in Tonto Basin had an average listing age of 84 days in Dec 2024, down by 44.1% compared to the previous month.

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Newest Listings in Tonto Basin, AZ

What homes are available in Tonto Basin, AZ?

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MLS Disclaimers and Copyright

Based on information from Arizona Regional MLS, for the period 11/01/2024 - 01/01/2025

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 10:21:04 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.