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 Oct 15 2021
This week the median list price for Cornville, AZ 86325 is $544,500 with the market action index hovering around 46. This is less than last month's market action index of 49. Inventory has held steady at or around 14. 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

Fri Oct 15 2021
This week the median list price for Cornville, AZ 86325 is $544,500 with the market action index hovering around 46. This is less than last month's market action index of 49. Inventory has held steady at or around 14. 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 $544,500
Median Price of New Listings $535,000
Per Square Foot $267
Average Days on Market 52
Median Days on Market 53
Price Decreased 50%
Price Increased 0%
Relisted 29%
Inventory 14
Median Rent $1,900
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
$774,000 2,697 0.25 - 0.5 acre 4 3 21 0 0 77
$649,000 2,143 1 - 2.5 acres 3 2 18 1 1 56
$535,000 2,074 1 - 2.5 acres 2 2 26 1 1 98
$421,500 1,710 6,500 - 8,000 sqft 3 2 16 1 2 21