Thu Jan 21 2021
This week the median list price for Cottonwood, AZ 86326 is $385,000 with the market action index hovering around 61. This is an increase over last month's market action index of 58. Inventory has held steady at or around 26.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$385,000|
|Per Square Foot||$212|
|Days on Market||113|
|Strong Seller's Market|
We continue to see prices in this zip code bounce around these current levels. Look for a persistent down-shift in the Market Action Index before we see prices dip. A persistent increase in Market Action could indicate prices will test their previous high points.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$657,000||2,400||0.5 - 1 acre||3||2||2||0||0||54|
|$439,000||1,956||6,500 - 8,000 sqft||3||2||10||1||0||77|
|$350,000||2,134||8,000 - 10,000 sqft||3||2||30||1||2||198|
|$259,999||1,244||0.25 - 0.5 acre||3||2||50||3||4||109|