Sheri Sperry's Market Report
Cornville, AZ 86325
Single-Family Homes
Coldwell Banker Realty - Sedona | (928) 274-7355 | Sheri@SellSedona.com
Cornville, AZ 86325
Mon Sep 28 2020
This week the median list price for Cornville, AZ 86325 is $420,000 with the market action index hovering around 46. This is an increase over last month's market action index of 41. Inventory has held steady at or around 27.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $420,000 | |
| Per Square Foot | $199 | |
| Days on Market | 117 | |
| Price Decreased | 30% | |
| Price Increased | 0% | |
| Relisted | 26% | |
| Inventory | 27 | |
| Median Rent | $10,000 | |
| Most Expensive | $3,500,000 | |
| Least Expensive | $65,000 | |
| Market Action | 46 | |
| Strong Seller's Market | ||
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,125,000 | 2,883 | 5 - 10 acres | 3 | 3 | 29 | 0 | 1 | 168 |
| $544,900 | 2,611 | 1 - 2.5 acres | 3 | 2 | 16 | 1 | 0 | 96 |
| $375,000 | 1,920 | 8,000 - 10,000 sqft | 3 | 2 | 16 | 1 | 0 | 151 |
| $316,000 | 1,566 | 6,500 - 8,000 sqft | 2 | 2 | 16 | 2 | 2 | 61 |