$7,500,000
5,535 SqFt
4 Beds
•3 Full Baths, 2 Partial
Tammy Campbell McNelis PA, Listing Office: COMPASS FLORIDA LLC
Is Tierra Verde, FL 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, Tierra Verde has remained a Buyer's Market.
Key Takeaway
Tierra Verde is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tierra Verde, FL
How much do homes in Tierra Verde, FL cost?
Median Sold Price
$907,500
$480/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$62,500(+7.4%)
Key Takeaway
Homes in Tierra Verde have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Tierra Verde was $907,500 in October 2024, up 7.4% from last year, and the median price per square foot was $480.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299K | $335K | +12.0% |
| 2 Bedrooms | $493K | $641K | +30.0% |
| 3 Bedrooms | $1.0M | $899.5K | -10.5% |
| 4 Bedrooms | $1.2M | $1.6M | +36.7% |
| 5+ Bedrooms | $2.3M | $2.3M | +3.3% |
Summary: Tierra Verde housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 36.7%, and 5+ bedroom homes increased by 3.3%.
Housing Supply in Tierra Verde, FL
How many homes are available in Tierra Verde, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 87 | 84 | -3.4% |
Summary: The Tierra Verde real estate market had 84 homes for sale in October 2024, a 3.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 33 | 34 | +3.0% |
| 3 Bedrooms | 37 | 32 | -13.5% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Tierra Verde housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 3%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
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 Tierra 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 Tierra Verde in October 2024, down by 50.0% 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 Tierra Verde, FL
How long does it take to sell a home in Tierra Verde, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 128 Days | +171.6% |
Summary: Homes in Tierra Verde had an average of 128 days on market in Oct 2024, up by 171.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Tierra Verde are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Tierra Verde; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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