Is Sierra Vista, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sierra Vista is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Sierra Vista has remained a Seller's Market.

Key Takeaway

Sierra Vista is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sierra Vista, AZ

How much do homes in Sierra Vista, AZ cost?

Median Sold Price

$299,996

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,636(+7.0%)

Key Takeaway

Homes in Sierra Vista have sold for 7% more than they did a year ago.

Summary: The median home sold price in Sierra Vista was $299,996 in November 2024, up 7% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $165K$130K
-21.2%
2 $245K$246.5K
+0.6%
3 $266.7K$285K
+6.8%
4 $340K$352.5K
+3.7%
5+ $426K$440K
+3.3%

Summary: Sierra Vista housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.2%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 3.3%.

Median Sold Price Compared To Nearby Cities

Hereford
+8.8%
Sierra Vista
+7.0%
Huachuca City
-1.5%

Housing Supply in Sierra Vista, AZ

How many homes are available in Sierra Vista, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
256272+6.3%

Summary: The Sierra Vista real estate market had 272 homes for sale in November 2024, a 6.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 3338
+15.2%
3 138144
+4.3%
4 6771
+6.0%
5+ 1618
+12.5%

Summary: The Sierra Vista housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5065+30.0%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sierra Vista, you may be able to get a good deal. 56.9% of homes here sold below asking price last month.

Summary: A total of 65 homes were sold or pending in Sierra Vista in November 2024, up by 30.0% month-over-month. Of the 65 sold homes, 57% were sold under asking, 34% were sold at asking, and 9% were sold over asking.

Days on Market for Sierra Vista, AZ

How long does it take to sell a home in Sierra Vista, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
76 Days74 Days-2.8%

Summary: Homes in Sierra Vista had an average of 74 days on market in Nov 2024, down by 2.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

37 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sierra Vista has remained consistent over time.

Summary: During November 2024, 65 homes were sold in Sierra Vista; 12% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Sierra Vista, AZ

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