Is Tierra Verde, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Tierra Verde was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315K | $299K | -5.1% |
2 Bedrooms | $519K | $516K | -0.6% |
3 Bedrooms | $1.1M | $990K | -12.9% |
4 Bedrooms | $1.5M | $1.6M | +6.7% |
5+ Bedrooms | $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 2024 | Feb 2024 | CHANGE |
---|---|---|
91 | 99 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 29 | 37 | +27.6% |
3 Bedrooms | 38 | 34 | -10.5% |
4 Bedrooms | 15 | 19 | +26.7% |
5+ Bedrooms | 7 | 7 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 12 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
52 Days | 73 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
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.