Sheri Sperry's Market Report
Cornville, AZ 86325
Single-Family Homes
Coldwell Banker Realty - Sedona | (928) 274-7355 | Sheri@SellSedona.com
Cornville, AZ 86325
Thu Apr 25 2024
This week the median list price for Cornville, AZ 86325 is $550,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has increased to 35.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Real-Time Market Profile
| Median List Price | $550,000 | |
| Median Price of New Listings | $515,000 | |
| Per Square Foot | $285 | |
| Average Days on Market | 97 | |
| Median Days on Market | 49 | |
| Price Decreased | 34% | |
| Price Increased | 0% | |
| Relisted | 6% | |
| Inventory | 35 | |
| Median Rent | ||
| Market Action | 31 | |
| Slight Seller's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $859,000 | 2,503 | 1 - 2.5 acres | 3 | 2.5 | 22 | 2 | 0 | 52 |
| $650,000 | 2,471 | 1 - 2.5 acres | 3 | 2 | 28 | 0 | 0 | 70 |
| $524,900 | 1,711 | 6,500 - 8,000 sqft | 3 | 2 | 20 | 2 | 0 | 70 |
| $447,800 | 1,516 | 4,500 - 6,500 sqft | 2 | 1 | 22 | 2 | 1 | 42 |