First Integrity Title Market Report

Rio Verde, AZ

Single-Family Homes

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Rio Verde, AZ

Fri Dec 01 2023
This week the median list price for Rio Verde, AZ is $899,000 with the market action index hovering around 32. This is less than last month's market action index of 36. Inventory has increased to 71. Click here to stay informed with the Rio Verde market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Rio Verde, AZ

Fri Dec 01 2023
This week the median list price for Rio Verde, AZ is $899,000 with the market action index hovering around 32. This is less than last month's market action index of 36. Inventory has increased to 71. Click here to stay informed with the Rio Verde market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Rio Verde market.
Median List Price $899,000
Median Price of New Listings $785,806
Per Square Foot $418
Average Days on Market 72
Median Days on Market 56
Price Decreased 38%
Price Increased 4%
Relisted 3%
Inventory 71
Median Rent
Market Action 32
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,695,000 3,249 0.25 - 0.5 acre 3 4 6 1 0 42
$1,115,500 2,709 0.25 - 0.5 acre 3 3 18 2 1 42
$822,450 2,021 0.25 - 0.5 acre 2 2.5 6 0 1 59
$642,445 1,940 0.25 - 0.5 acre 3 2 4 3 1 77