Is Sierra Vista, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$285,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sierra Vista was $285,000 in March 2024, up 1.9% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167.2K | $163.3K | -2.3% |
2 Bedrooms | $208.5K | $252K | +20.9% |
3 Bedrooms | $260K | $265.7K | +2.2% |
4 Bedrooms | $340K | $349K | +2.6% |
5+ Bedrooms | $426K | $433.1K | +1.7% |
Summary: Sierra Vista housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
Sierra Vista | $279.6K | $285K | +1.9% |
Huachuca City | $191K | $190K | -0.5% |
Hereford | $410K | $400K | -2.4% |
Housing Supply in Sierra Vista, AZ
How many homes are available in Sierra Vista, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
259 | 279 | +7.7% |
Summary: The Sierra Vista real estate market had 279 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 35 | 38 | +8.6% |
3 Bedrooms | 143 | 150 | +4.9% |
4 Bedrooms | 63 | 70 | +11.1% |
5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The Sierra Vista housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 56 | -5.1% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 56 homes were sold or pending in Sierra Vista in March 2024, down by 5.1% month-over-month. Of the 56 sold homes, 45% were sold under asking, 41% were sold at asking, and 14% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 83 Days | +18.1% |
Summary: Homes in Sierra Vista had an average of 83 days on market in Mar 2024, up by 18.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During March 2024, 56 homes were sold in Sierra Vista; 14% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.