Sheri Sperry's Market Report
Cottonwood, AZ 86326
Single-Family Homes
Coldwell Banker Realty - Sedona | (928) 274-7355 | Sheri@SellSedona.com
Cottonwood, AZ 86326
Wed May 01 2024
This week the median list price for Cottonwood, AZ 86326 is $550,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 57.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $550,000 | |
| Median Price of New Listings | $574,250 | |
| Per Square Foot | $300 | |
| Average Days on Market | 94 | |
| Median Days on Market | 56 | |
| Price Decreased | 40% | |
| Price Increased | 2% | |
| Relisted | 9% | |
| Inventory | 57 | |
| Median Rent | ||
| Market Action | 36 | |
| Slight Seller's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $972,000 | 2,601 | 1 - 2.5 acres | 3 | 2 | 34 | 2 | 1 | 164 |
| $660,000 | 1,890 | 0.25 - 0.5 acre | 3 | 1.3 | 5 | 1 | 0 | 56 |
| $499,000 | 1,878 | 8,000 - 10,000 sqft | 3 | 2 | 23 | 0 | 2 | 56 |
| $415,000 | 1,498 | 8,000 - 10,000 sqft | 3 | 2 | 26 | 3 | 4 | 49 |