Sheri Sperry's Market Report

Cornville, AZ 86325

Single-Family Homes

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



Cornville, AZ 86325

Mon Apr 22 2019
This week the median list price for Cornville, AZ 86325 is $462,500 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has held steady at or around 35. Click here to stay informed with the Cornville market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Cornville, AZ 86325

Mon Apr 22 2019
This week the median list price for Cornville, AZ 86325 is $462,500 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has held steady at or around 35. Click here to stay informed with the Cornville market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Cornville market.
Median List Price $462,500
Per Square Foot $203
Days on Market 157
Price Decreased 23%
Price Increased 3%
Relisted 3%
Inventory 35
Median House Rent $2,495
Most Expensive $1,395,000
Least Expensive $289,500
Market Action Index
Slight Seller's Advantage
32

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
$995,000 3,306 2.5 - 5 acres 3 3 15 0 0 207
$595,000 2,841 2.5 - 5 acres 3 2 19 0 0 199
$399,900 2,147 0.25 - 0.5 acre 3 2 14 1 0 86
$329,000 1,724 6,500 - 8,000 sqft 2 2 15 0 0 140