Is Tierra Del Rio, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Tierra Del Rio has remained a Seller's Market.
Housing Prices in Tierra Del Rio, AZ
How much do homes in Tierra Del Rio, AZ cost?
Median Sold Price
$646,500
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tierra Del Rio was $646,500 in April 2024, down 1.6% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $565K | $590.5K | +4.5% |
4 Bedrooms | $695K | $650K | -6.5% |
5+ Bedrooms | $702.1K | $690K | -1.7% |
Summary: Tierra Del Rio housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Neighborhoods
Tierra Del Rio | $657K | $646.5K | -1.6% |
Mesquite | $675.7K | $652K | -3.5% |
Housing Supply in Tierra Del Rio, AZ
How many homes are available in Tierra Del Rio, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 27 | -3.6% |
Summary: The Tierra Del Rio real estate market had 27 homes for sale in April 2024, a 3.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 9 | 14 | +55.6% |
4 Bedrooms | 16 | 10 | -37.5% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Tierra Del Rio housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 55.6%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
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 Tierra Del Rio in April 2024, down by 22.2% 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 Tierra Del Rio, AZ
How long does it take to sell a home in Tierra Del Rio, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 45 Days | +18.0% |
Summary: Homes in Tierra Del Rio had an average of 45 days on market in Apr 2024, up by 18% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Tierra Del Rio; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.