Sheri Sperry's Market Report
Cornville, AZ 86325
Single-Family Homes
Coldwell Banker Realty - Sedona | (928) 274-7355 | Sheri@SellSedona.com
Cornville, AZ 86325
Sun May 31 2020
This week the median list price for Cornville, AZ 86325 is $499,450 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 38.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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
| Median List Price | $499,450 | |
| Per Square Foot | $199 | |
| Days on Market | 130 | |
| Price Decreased | 34% | |
| Price Increased | 5% | |
| Relisted | 16% | |
| Inventory | 38 | |
| Median Rent | ||
| Most Expensive | $3,500,000 | |
| Least Expensive | $149,000 | |
| Market Action | 34 | |
| Slight Seller's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $896,000 | 3,245 | 2.5 - 5 acres | 3 | 3 | 22 | 2 | 1 | 183 |
| $529,000 | 2,841 | 0.25 - 0.5 acre | 3 | 3 | 16 | 1 | 0 | 126 |
| $468,500 | 2,343 | 0.25 - 0.5 acre | 3 | 2 | 23 | 3 | 3 | 112 |
| $327,000 | 1,710 | 0.25 - 0.5 acre | 2 | 2 | 18 | 0 | 1 | 103 |