$10,000 Closing Credit*
$1,100,000
2,860 SqFt
2 Beds
•3 Baths
Monica Condomitti, Anne Hunt, Listing Office: Coldwell Banker Realty
Is Rio Verde, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Rio Verde has remained a Buyer's Market.
Key Takeaway
Rio Verde is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rio Verde, AZ
How much do homes in Rio Verde, AZ cost?
Median Sold Price
$700,000
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+3.7%)
Key Takeaway
Homes in Rio Verde have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Rio Verde was $700,000 in October 2024, up 3.7% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $600K | $667.5K | +11.3% |
| 3 Bedrooms | $742K | $787.5K | +6.1% |
| 4 Bedrooms | $940K | $1.1M | +24.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Rio Verde housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 24.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Rio Verde | $675K | $700K | +3.7% |
| Vista Verde | $935K | $932.5K | -0.3% |
Housing Supply in Rio Verde, AZ
How many homes are available in Rio Verde, AZ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 48 | +23.1% |
Summary: The Rio Verde real estate market had 48 homes for sale in October 2024, a 23.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 19 | +18.8% |
| 3 Bedrooms | 21 | 25 | +19.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rio Verde housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rio Verde, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Rio Verde in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rio Verde, AZ
How long does it take to sell a home in Rio Verde, AZ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 112 Days | +376.6% |
Summary: Homes in Rio Verde had an average of 112 days on market in Oct 2024, up by 376.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rio Verde are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Rio Verde; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.