Great American Title Agency
Rio Verde, AZ
Single-Family Homes
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Rio Verde, AZ
Thu Dec 26 2024
This week the median list price for Rio Verde, AZ is $932,000 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has decreased to 100.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Home sales have begun exceeding new inventory. While still a Buyer’s market, prices seem to have already started to respond. If the trend continues, expect prices to keep marching upward.
Real-Time Market Profile
| Median List Price | $932,000 | |
| Median Price of New Listings | $1,138,500 | |
| Per Square Foot | $417 | |
| Average Days on Market | 118 | |
| Median Days on Market | 70 | |
| Price Decreased | 37% | |
| Price Increased | 2% | |
| Relisted | 3% | |
| Inventory | 100 | |
| Median Rent | ||
| Market Action | 27 | |
| Slight Buyer's Advantage | ||
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,599,999 | 3,004 | 0.25 - 0.5 acre | 3 | 4 | 5 | 1 | 0 | 63 |
| $1,090,000 | 2,594 | 0.25 - 0.5 acre | 3 | 3 | 8 | 0 | 0 | 63 |
| $800,000 | 1,948 | 8,000 - 10,000 sqft | 2 | 2 | 8 | 0 | 1 | 70 |
| $639,500 | 1,678 | 6,500 - 8,000 sqft | 2 | 2 | 4 | 1 | 3 | 119 |