Sheri Sperry's Market Report

Cornville, AZ 86325

Single-Family Homes

Coldwell Banker Realty - Sedona | (928) 274-7355 | Sheri@SellSedona.com



Cornville, AZ 86325

Fri Apr 23 2021
This week the median list price for Cornville, AZ 86325 is $504,450 with the market action index hovering around 74. This is an increase over last month's market action index of 67. Inventory has held steady at or around 6. Click here to stay informed with the Cornville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Cornville, AZ 86325

Fri Apr 23 2021
This week the median list price for Cornville, AZ 86325 is $504,450 with the market action index hovering around 74. This is an increase over last month's market action index of 67. Inventory has held steady at or around 6. Click here to stay informed with the Cornville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Cornville market.
Median List Price $504,450
Per Square Foot $290
Days on Market 168
Price Decreased 17%
Price Increased 0%
Relisted 0%
Inventory 6
Median Rent
Most Expensive $2,200,000
Least Expensive $65,000
Market Action 74
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,200,000 2,509 N/A 2 3 28 0 1 140
$1,899,000 4,950 2.5 - 5 acres 5 5 17 0 1 14
$504,450 1,716 2.5 - 5 acres 3 2 20 0 1 108
$220,000 1,610 1 - 2.5 acres 2 2 35 1 0 217