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 Oct 07 2024
This week the median list price for Cornville, AZ 86325 is $716,000 with the market action index hovering around 25. This is less than last month's market action index of 28. Inventory has increased to 46.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $716,000 | |
| Median Price of New Listings | $1,365,000 | |
| Per Square Foot | $313 | |
| Average Days on Market | 103 | |
| Median Days on Market | 32 | |
| Price Decreased | 33% | |
| Price Increased | 0% | |
| Relisted | 11% | |
| Inventory | 46 | |
| Median Rent | ||
| Market Action | 25 | |
| Slight Buyer's Advantage | ||
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,365,000 | 3,652 | 5 - 10 acres | 4 | 2.5 | 28 | 2 | 0 | 63 |
| $872,000 | 2,542 | 1 - 2.5 acres | 3 | 2 | 19 | 0 | 0 | 28 |
| $662,449 | 2,233 | 0.25 - 0.5 acre | 3 | 2 | 20 | 1 | 0 | 80 |
| $457,500 | 1,594 | 6,500 - 8,000 sqft | 2 | 2 | 20 | 0 | 1 | 28 |