$2,255 Closing Credit*
$189,900
1,183 SqFt
3 Beds
•2 Full Baths
#9973447, Rebecca Arnold, Listing Office: Prestige Homes of the Tri Cities, Inc.
Is Tyler, VA 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, Tyler has remained a Seller's Market.
Key Takeaway
Tyler is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tyler, VA
How much do homes in Tyler, VA cost?
Median Sold Price
$234,900
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$22,600(-8.8%)
Key Takeaway
Homes in Tyler have sold for 8.8% less than they did a year ago.
Summary: The median home sold price in Tyler was $234,900 in October 2024, down 8.8% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $90K | N/A |
| 2 Bedrooms | $128.5K | $153.5K | +19.5% |
| 3 Bedrooms | $249.5K | $239.9K | -3.9% |
| 4 Bedrooms | $439.9K | $335K | -23.9% |
| 5+ Bedrooms | $598K | $802.7K | +34.2% |
Summary: Tyler 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 19.5%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 23.9%, and 5+ bedroom homes increased by 34.2%.
Housing Supply in Tyler, VA
How many homes are available in Tyler, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 40 | +2.6% |
Summary: The Tyler real estate market had 40 homes for sale in October 2024, a 2.6% 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 23 | 23 | 0.0% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Tyler 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tyler, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Tyler in October 2024, up by 166.7% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Tyler, VA
How long does it take to sell a home in Tyler, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 0 Days | 77 Days | +23262.5% |
Summary: Homes in Tyler had an average of 77 days on market in Oct 2024, up by 23262.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tyler has remained consistent over time.
Summary: During October 2024, 8 homes were sold in Tyler; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
