First Integrity Title Market Report

Rio Verde, AZ

Condos/Townhomes

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Rio Verde, AZ

Wed Dec 11 2024
This week the median list price for Rio Verde, AZ is $645,000 with the market action index hovering around 21. This is less than last month's market action index of 25. Inventory has increased to 17. 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

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Rio Verde, AZ

Wed Dec 11 2024
This week the median list price for Rio Verde, AZ is $645,000 with the market action index hovering around 21. This is less than last month's market action index of 25. Inventory has increased to 17. 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

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Rio Verde market.
Median List Price $645,000
Median Price of New Listings $0
Per Square Foot $401
Average Days on Market 78
Median Days on Market 70
Price Decreased 41%
Price Increased 0%
Relisted 6%
Inventory 17
Median Rent
Market Action 21
Slight Buyer's Advantage

This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.

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
$879,000 1,679 4,500 - 6,500 sqft 2 3 4 0 0 73
$749,000 1,548 0 - 4,500 sqft 2 2 2 0 0 56
$581,500 1,848 0 - 4,500 sqft 2 2 25 0 0 84
$479,000 1,343 0 - 4,500 sqft 2 2 36 0 0 56