Is Sierra Vista, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sierra Vista is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Sierra Vista, AZ cost?

Median Sold Price

$268,658

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$33,645(+14.3%)

Key Takeaway

Homes in Sierra Vista have sold for 14.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$162K
N/A
2 $191K$225K
+17.8%
3 $220K$250.5K
+13.9%
4 $280K$316K
+12.9%
5+ $335.7K$362K
+7.8%

Median Sold Price Compared To Nearby Cities

Huachuca City
+18.6%
Sierra Vista
+14.3%
Hereford
+12.4%

How many homes are available in Sierra Vista, AZ?

Number of Homes For Sale

Sep 2022Oct 2022%
239232-2.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 2721
-22.2%
3 128131
+2.3%
4 6967
-2.9%
5+ 1513
-13.3%

Number of Homes Sold

Sep 2022Oct 2022%
7055-21.4%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sierra Vista, you may be able to get a good deal. 43.6% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
42 Days56 Days+33.3%

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sierra Vista has remained consistent over time.

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

About Sierra Vista, AZ

There are 232 homes are for sale in Sierra Vista, AZ real estate market. The inventory of homes for sale in Sierra Vista, AZ between September 2022 and October 2022 decreased by 2.9%. The median list price of listings available in October 2022 was $268,658, while the average time on the real estate market was 56 days. This housing market listing prices have changed between September 2022 and October 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 17.8% more expensive, the cost of 3 bedrooms properties went up by 13.9%, 4 bedrooms properties prices increased by 12.9%, 5 bedrooms properties became 7.8% more expensive. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 22.2% less available, the quantity of 3 bedrooms homes went up by 2.3%, volume of 4 bedrooms homes went down by 2.9%, volume of 5 bedrooms homes went down by 13.3%. Over 12 listings were sold over their listed price in October 2022 in Sierra Vista, AZ. In the same period over 24 listings were sold below the listed price and 19 listings were sold for the listed price.

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