Fri Jul 01 2022
This week the median list price for Cottonwood, AZ 86326 is $499,000 with the market action index hovering around 65. This is less than last month's market action index of 75. Inventory has increased to 55.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$499,000|
|Median Price of New Listings||$439,500|
|Per Square Foot||$272|
|Average Days on Market||32|
|Median Days on Market||14|
|Strong Seller's Market|
Though in this zip code this week saw relatively little price change from last week, the market seems to be show some signs of strength. Keep an eye on the Market Action Index to see if this short-term trend can establish itself over the coming months.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$925,000||3,047||1 - 2.5 acres||4||3||16||2||1||28|
|$559,950||2,157||0.25 - 0.5 acre||3||2||24||4||0||14|
|$444,450||1,704||8,000 - 10,000 sqft||3||2||24||5||3||14|
|$349,500||1,328||8,000 - 10,000 sqft||3||2||28||6||4||7|