Question 1

What is the median sold price in Tonewood?

Accepted Answer

The median sold price in Tonewood is $450,000 based on 75 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Tonewood?

Accepted Answer

The average sold price in Tonewood is $488,997. Note that the average ($488,997) is higher than the median ($450,000), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Tonewood?

Accepted Answer

Home prices in Tonewood range from $353,500 to $765,000 based on recent sales data. This $411,500 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Tonewood selling above or below asking price?

Accepted Answer

On average, homes in Tonewood are selling at 99.6% of their asking price. This means homes are selling very close to asking price with minimal negotiation room. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Tonewood?

Accepted Answer

Homes in Tonewood are selling in an average of 166 days. This indicates a slower market where buyers have significant leverage. Buyers can take their time and carefully evaluate options before making an offer.

Question 6

What is the price per square foot in Tonewood?

Accepted Answer

The average price per square foot in Tonewood is $278. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $556,000.

Question 7

How active is the real estate market in Tonewood?

Accepted Answer

The Tonewood market has seen 75 home sales over the past 2 years, with 21 properties currently for sale. With ample inventory available, buyers have plenty of options to choose from.

Question 8

How many new listings are coming to market in Tonewood?

Accepted Answer

There have been 2 new listings in Tonewood during April 2026. Monitoring new inventory helps buyers catch fresh opportunities and helps sellers understand their competition.

Question 9

How much do detached homes cost in Tonewood?

Accepted Answer

Detached homes in Tonewood are selling for an average of $488,997, with 75 sales over the past 2 years.

Question 10

Are home prices rising or falling in Tonewood?

Accepted Answer

Home prices in Tonewood have increased by 16.5% over the past 2 years. The average sold price moved from $417,133 to $485,812. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 11

Is Tonewood a buyer's or seller's market?

Accepted Answer

Based on current data, Tonewood is a buyer's market. Homes are selling in 166 days on average and at 99.6% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 12

What percentage of homes sell above asking price in Tonewood?

Accepted Answer

In Tonewood, 20% of homes sold above asking price, while 61% sold below asking. A moderate number of homes attract multiple offers.

Question 13

What size homes are selling in Tonewood?

Accepted Answer

Homes selling in Tonewood range from 1,306 to 2,623 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 14

How much do home prices vary in Tonewood?

Accepted Answer

Tonewood shows relatively consistent pricing with a standard deviation of $98,615 around the average price of $488,997. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 15

How do I find out how much a house sold for in Tonewood?

Accepted Answer

Simply search our Tonewood sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 16

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in Tonewood will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 17

Do you show all MLS® sold listings for Tonewood?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Tonewood. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

Tonewood Homes Sold in the Last 30 Days

Tonewood Sold Data Overview

Recently Sold in Tonewood

Sold Data & Market Statistics for Tonewood

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does Tonewood compare to Spruce Grove?

More neighbourhoods in Spruce Grove

Frequently Asked Questions

Sign up to see what homes actually sold for