Sheri Sperry's Market Report

Cornville, AZ 86325

Single-Family Homes

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



Cornville, AZ 86325

Sun Apr 05 2020
This week the median list price for Cornville, AZ 86325 is $449,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 41. 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.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Cornville, AZ 86325

Sun Apr 05 2020
This week the median list price for Cornville, AZ 86325 is $449,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 41. 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.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Cornville market.
Median List Price $449,000
Per Square Foot $192
Days on Market 159
Price Decreased 34%
Price Increased 2%
Relisted 10%
Inventory 41
Median Rent
Most Expensive $3,500,000
Least Expensive $159,900
Market Action 32
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$746,000 3,013 5 - 10 acres 3 3 23 0 0 210
$500,000 2,273 1 - 2.5 acres 3 2 19 2 1 102
$384,950 2,100 8,000 - 10,000 sqft 3 2 20 0 0 249
$295,000 1,545 6,500 - 8,000 sqft 2 2 16 2 1 81