Is Rio Verde, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rio Verde is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Rio Verde has remained a Buyer's Market.

Key Takeaway

Rio Verde is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$29,812(+4.6%)

Key Takeaway

Homes in Rio Verde have sold for 4.6% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $530K$597.5K
+12.7%
3 $821K$750K
-8.6%
4 $1.0M$1.3M
+31.6%
5+ --
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
+4.6%
Tonto Verde
-2.2%
Vista Verde
-9.6%

Housing Supply in Rio Verde, AZ

How many homes are available in Rio Verde, AZ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6475+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 2126
+23.8%
3 3845
+18.4%
4 54
-20.0%
5+ 00
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 2024Feb 2024CHANGE
37+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rio Verde, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
79 Days50 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 27 Days Ago

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