Is Sierra Vista, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Sierra Vista has remained a Seller's Market.
Housing Prices in Sierra Vista, AZ
How much do homes in Sierra Vista, AZ cost?
Median Sold Price
$287,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Sierra Vista was $287,000 in June 2024, up 2.2% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $166.5K | $140K | -15.9% |
2 Bedrooms | $215.7K | $248K | +14.9% |
3 Bedrooms | $265K | $269.3K | +1.6% |
4 Bedrooms | $345.7K | $349.2K | +1.0% |
5+ Bedrooms | $425K | $453.4K | +6.7% |
Summary: Sierra Vista housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.9%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
Hereford | $377.2K | $415K | +10.0% |
Sierra Vista | $280.8K | $287K | +2.2% |
Huachuca City | $187.5K | $190K | +1.3% |
Housing Supply in Sierra Vista, AZ
How many homes are available in Sierra Vista, AZ?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
292 | 280 | -4.1% |
Summary: The Sierra Vista real estate market had 280 homes for sale in June 2024, a 4.1% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 35 | 35 | 0.0% |
3 Bedrooms | 163 | 156 | -4.3% |
4 Bedrooms | 73 | 68 | -6.8% |
5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The Sierra Vista housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
81 | 56 | -30.9% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 56 homes were sold or pending in Sierra Vista in June 2024, down by 30.9% month-over-month. Of the 56 sold homes, 52% were sold under asking, 41% were sold at asking, and 7% were sold over asking.
Days on Market for Sierra Vista, AZ
How long does it take to sell a home in Sierra Vista, AZ?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
67 Days | 64 Days | -5.5% |
Summary: Homes in Sierra Vista had an average of 64 days on market in Jun 2024, down by 5.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During June 2024, 56 homes were sold in Sierra Vista; 21% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.