Is Tyler, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tyler is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Tyler has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Tyler, VA

How much do homes in Tyler, VA cost?

Median Sold Price

$239,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$10,100(-4.1%)

Key Takeaway

Homes in Tyler have sold for 4.1% less than they did a year ago.

Summary: The median home sold price in Tyler was $239,000 in May 2024, down 4.1% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$90K
N/A
2 $140K$124.2K
-11.3%
3 $252.5K$227.4K
-9.9%
4 $262K$467.5K
+78.4%
5+ $686.5K$858.1K
+25.0%

Summary: Tyler housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.3%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes increased by 78.4%, and 5+ bedroom homes increased by 25%.

Median Sold Price Compared To Nearby Cities

Wilson
+26.0%
Bristol
+11.6%
Bristol
+11.6%
Tyler
-4.1%

Housing Supply in Tyler, VA

How many homes are available in Tyler, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2220-9.1%

Summary: The Tyler real estate market had 20 homes for sale in May 2024, a 9.1% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 1210
-16.7%
4 33
0.0%
5+ 01
+100.0%

Summary: The Tyler housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
84-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tyler, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Tyler in May 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Tyler, VA

How long does it take to sell a home in Tyler, VA?

Average Sale Time

May 2023May 2024CHANGE
34 Days41 Days+21.6%

Summary: Homes in Tyler had an average of 41 days on market in May 2024, up by 21.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tyler are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 4 homes were sold in Tyler; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Tyler, VA

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