Is Sierra Vista, 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, 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
$287,750
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sierra Vista was $287,750 in April 2024, up 2.8% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $166.5K | $165K | -0.9% |
2 Bedrooms | $209.2K | $251K | +20.0% |
3 Bedrooms | $262.2K | $266.5K | +1.6% |
4 Bedrooms | $345K | $350K | +1.4% |
5+ Bedrooms | $429.7K | $432K | 0.5% |
Summary: Sierra Vista housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Cities
Sierra Vista | $279.9K | $287.7K | +2.8% |
Hereford | $391.4K | $400K | +2.2% |
Huachuca City | $195.9K | $190K | -3.0% |
Housing Supply in Sierra Vista, AZ
How many homes are available in Sierra Vista, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
279 | 288 | +3.2% |
Summary: The Sierra Vista real estate market had 288 homes for sale in April 2024, a 3.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 38 | 40 | +5.3% |
3 Bedrooms | 153 | 153 | 0.0% |
4 Bedrooms | 68 | 77 | +13.2% |
5+ Bedrooms | 18 | 16 | -11.1% |
Summary: The Sierra Vista 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 5.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 65 | +16.1% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 65 homes were sold or pending in Sierra Vista in April 2024, up by 16.1% month-over-month. Of the 65 sold homes, 51% were sold under asking, 29% were sold at asking, and 20% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
81 Days | 76 Days | -6.3% |
Summary: Homes in Sierra Vista had an average of 76 days on market in Apr 2024, down by 6.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During April 2024, 65 homes were sold in Sierra Vista; 18% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.