Is Rio Verde, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Rio Verde has remained a Buyer's Market.
Housing Prices in Rio Verde, AZ
How much do homes in Rio Verde, AZ cost?
Median Sold Price
$685,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Rio Verde was $685,000 in February 2024, up 4.6% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $530K | $597.5K | +12.7% |
3 Bedrooms | $821K | $750K | -8.6% |
4 Bedrooms | $1.0M | $1.3M | +31.6% |
5+ Bedrooms | - | - | N/A |
Summary: Rio Verde housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.7%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Rio Verde | $655.1K | $685K | +4.6% |
Tonto Verde | $922.5K | $901.7K | -2.2% |
Vista Verde | $1.0M | $922.5K | -9.6% |
Housing Supply in Rio Verde, AZ
How many homes are available in Rio Verde, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
64 | 75 | +17.2% |
Summary: The Rio Verde real estate market had 75 homes for sale in February 2024, a 17.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 21 | 26 | +23.8% |
3 Bedrooms | 38 | 45 | +18.4% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rio Verde housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 18.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 7 | +133.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Rio Verde in February 2024, up by 133.3% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Rio Verde, AZ
How long does it take to sell a home in Rio Verde, AZ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
79 Days | 50 Days | -36.8% |
Summary: Homes in Rio Verde had an average of 50 days on market in Feb 2024, down by 36.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 7 homes were sold in Rio Verde; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.