Sheri Sperry's Market Report

Cornville, AZ 86325

Single-Family Homes

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


Cornville, AZ 86325

Sat Jul 31 2021
This week the median list price for Cornville, AZ 86325 is $575,000 with the market action index hovering around 64. This is less than last month's market action index of 73. Inventory has increased to 15. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Cornville, AZ 86325

Sat Jul 31 2021
This week the median list price for Cornville, AZ 86325 is $575,000 with the market action index hovering around 64. This is less than last month's market action index of 73. Inventory has increased to 15. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Cornville market.
Median List Price $575,000
Median Price of New Listings $667,450
Per Square Foot $270
Average Days on Market 21
Median Days on Market 14
Price Decreased 20%
Price Increased 0%
Relisted 13%
Inventory 15
Median Rent
Market Action 64
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
$1,399,900 4,638 2.5 - 5 acres 4 3 26 1 0 14
$686,500 2,487 1 - 2.5 acres 3 2 21 1 2 28
$554,450 2,135 1 - 2.5 acres 2 2 28 1 0 21
$369,888 1,866 0.5 - 1 acre 2 2 18 1 1 14