First Integrity Title Market Report
Rio Verde, AZ
Single-Family Homes
www.FirstIntegrityTitle.com | 888-636-0372
Rio Verde, AZ
Mon Dec 02 2024
This week the median list price for Rio Verde, AZ is $912,000 with the market action index hovering around 27. This is an increase over last month's market action index of 26. Inventory has increased to 102.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
Real-Time Market Profile
| Median List Price | $912,000 | |
| Median Price of New Listings | $799,000 | |
| Per Square Foot | $413 | |
| Average Days on Market | 116 | |
| Median Days on Market | 56 | |
| Price Decreased | 34% | |
| Price Increased | 2% | |
| Relisted | 6% | |
| Inventory | 102 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $1,599,900 | 3,004 | 0.25 - 0.5 acre | 3 | 4 | 6 | 1 | 2 | 42 |
| $1,075,000 | 2,594 | 0.25 - 0.5 acre | 3 | 3 | 14 | 1 | 3 | 49 |
| $799,000 | 1,948 | 6,500 - 8,000 sqft | 2 | 2 | 6 | 2 | 2 | 52 |
| $639,000 | 1,678 | 6,500 - 8,000 sqft | 2 | 2 | 4 | 1 | 2 | 136 |