Sheri Sperry's Market Report
Cornville, AZ 86325
Single-Family Homes
Coldwell Banker Realty - Sedona | (928) 274-7355 | Sheri@SellSedona.com
Cornville, AZ 86325
Wed Nov 25 2020
This week the median list price for Cornville, AZ 86325 is $585,000 with the market action index hovering around 60. This is an increase over last month's market action index of 52. Inventory has held steady at or around 14.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $585,000 | |
| Per Square Foot | $223 | |
| Days on Market | 111 | |
| Price Decreased | 50% | |
| Price Increased | 7% | |
| Relisted | 43% | |
| Inventory | 14 | |
| Median Rent | $1,850 | |
| Most Expensive | $1,998,000 | |
| Least Expensive | $119,000 | |
| Market Action | 60 | |
| Strong Seller's Market | ||
Click for more charts
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 |
|---|---|---|---|---|---|---|---|---|
| $850,000 | 2,632 | 2.5 - 5 acres | 3 | 4 | 22 | 0 | 1 | 275 |
| $639,900 | 2,900 | 0.25 - 0.5 acre | 3 | 4 | 15 | 1 | 0 | 28 |
| $566,650 | 2,717 | 0.5 - 1 acre | 4 | 2 | 27 | 0 | 2 | 56 |
| $322,450 | 1,610 | 6,500 - 8,000 sqft | 3 | 2 | 18 | 0 | 2 | 103 |