First Integrity Title Market Report

Rio Verde, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372


Rio Verde, AZ

Wed Apr 24 2024
This week the median list price for Rio Verde, AZ is $587,000 with the market action index hovering around 28. This is an increase over last month's market action index of 25. Inventory has decreased to 18. 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 Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Rio Verde, AZ

Wed Apr 24 2024
This week the median list price for Rio Verde, AZ is $587,000 with the market action index hovering around 28. This is an increase over last month's market action index of 25. Inventory has decreased to 18. 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 Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Rio Verde market.
Median List Price $587,000
Median Price of New Listings $0
Per Square Foot $337
Average Days on Market 98
Median Days on Market 70
Price Decreased 67%
Price Increased 0%
Relisted 0%
Inventory 18
Median Rent
Market Action 28
Slight Buyer'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
$824,000 1,612 0 - 4,500 sqft 2 2.5 2 0 0 77
$685,000 1,780 0 - 4,500 sqft 2 2.5 10 0 0 52
$535,000 1,665 0 - 4,500 sqft 2 2 34 0 2 133
$429,000 1,709 0 - 4,500 sqft 2 2 36 0 1 84