Is Tyler, VA 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, Tyler has remained a Seller's Market.
Key Takeaway
Tyler is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tyler, VA
How much do homes in Tyler, VA cost?
Median Sold Price
$227,450
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tyler have sold for 8.6% less than they did a year ago.
Summary: The median home sold price in Tyler was $227,450 in April 2024, down 8.6% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $90K | +5.9% |
| 2 Bedrooms | $140K | $128.5K | -8.2% |
| 3 Bedrooms | $252.5K | $224K | -11.3% |
| 4 Bedrooms | $265K | $421.2K | +59.0% |
| 5+ Bedrooms | $598K | $858.1K | +43.5% |
Summary: Tyler housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes increased by 59%, and 5+ bedroom homes increased by 43.5%.
Housing Supply in Tyler, VA
How many homes are available in Tyler, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Summary: The Tyler real estate market had 19 homes for sale in April 2024, a 9.5% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Tyler 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 increased by 20%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tyler, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Tyler in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Tyler, VA
How long does it take to sell a home in Tyler, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 83 Days | +53.6% |
Summary: Homes in Tyler had an average of 83 days on market in Apr 2024, up by 53.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tyler has remained consistent over time.
Summary: During April 2024, 8 homes were sold in Tyler; 13% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
