Is Tierra Verde, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tierra Verde is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Tierra Verde was a Seller's Market.

Key Takeaway

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

Housing Prices in Tierra Verde, FL

How much do homes in Tierra Verde, FL cost?

Median Sold Price

$896,250

$489/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$91,250(+11.3%)

Key Takeaway

Homes in Tierra Verde have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in Tierra Verde was $896,250 in February 2024, up 11.3% from last year, and the median price per square foot was $489.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $315K$299K
-5.1%
2 $519K$516K
-0.6%
3 $1.1M$990K
-12.9%
4 $1.5M$1.6M
+6.7%
5+ $6.4M$2.2M
-64.5%

Summary: Tierra Verde housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 64.5%.

Housing Supply in Tierra Verde, FL

How many homes are available in Tierra Verde, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
9199+8.8%

Summary: The Tierra Verde real estate market had 99 homes for sale in February 2024, a 8.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 2937
+27.6%
3 3834
-10.5%
4 1519
+26.7%
5+ 77
0.0%

Summary: The Tierra 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 27.6%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1012+20.0%

Asking Price vs. Sold Price

11 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 Tierra Verde, you may be able to get a good deal. 91.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Tierra Verde in February 2024, up by 20.0% month-over-month. Of the 12 sold homes, 92% were sold under asking, 8% were sold at asking, and 0% were sold over asking.

Days on Market for Tierra Verde, FL

How long does it take to sell a home in Tierra Verde, FL?

Average Sale Time

Feb 2023Feb 2024CHANGE
52 Days73 Days+40.1%

Summary: Homes in Tierra Verde had an average of 73 days on market in Feb 2024, up by 40.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tierra Verde has remained consistent over time.

Summary: During February 2024, 12 homes were sold in Tierra Verde; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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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