Sheri Sperry's Market Report
Cornville, AZ 86325
Single-Family Homes
Coldwell Banker - Sedona | (928) 274-7355 | Sheri@SellSedona.com
Cornville, AZ 86325
Fri Sep 20 2019
This week the median list price for Cornville, AZ 86325 is $474,500 with the market action index hovering around 31. This is an increase over last month's market action index of 29. Inventory has held steady at or around 40.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $474,500 | |
| Per Square Foot | $192 | |
| Days on Market | 136 | |
| Price Decreased | 50% | |
| Price Increased | 5% | |
| Relisted | 5% | |
| Inventory | 40 | |
| Median House Rent | $2,073 | |
| Most Expensive | $2,687,000 | |
| Least Expensive | $189,900 | |
| Market Action Index Slight Seller's Advantage | 31 |
Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
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 |
|---|---|---|---|---|---|---|---|---|
| $861,500 | 3,963 | 2.5 - 5 acres | 3 | 3 | 24 | 1 | 0 | 172 |
| $539,900 | 2,972 | 2.5 - 5 acres | 3 | 3 | 21 | 1 | 1 | 166 |
| $362,450 | 2,059 | 0.25 - 0.5 acre | 3 | 2 | 14 | 1 | 0 | 130 |
| $285,950 | 1,598 | 6,500 - 8,000 sqft | 2 | 2 | 14 | 3 | 2 | 77 |