Sheri Sperry's Market Report

Cornville, AZ 86325

Single-Family Homes

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


Cornville, AZ 86325

Tue Oct 22 2024
This week the median list price for Cornville, AZ 86325 is $715,000 with the market action index hovering around 25. This is less than last month's market action index of 26. Inventory has increased to 47. Click here to stay informed with the Cornville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Cornville, AZ 86325

Tue Oct 22 2024
This week the median list price for Cornville, AZ 86325 is $715,000 with the market action index hovering around 25. This is less than last month's market action index of 26. Inventory has increased to 47. Click here to stay informed with the Cornville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Cornville market.
Median List Price $715,000
Median Price of New Listings $555,000
Per Square Foot $316
Average Days on Market 108
Median Days on Market 42
Price Decreased 36%
Price Increased 0%
Relisted 11%
Inventory 47
Median Rent
Market Action 25
Slight Buyer's Advantage

The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

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
$1,800,000 4,104 2.5 - 5 acres 4 2 29 0 2 77
$860,500 2,439 1 - 2.5 acres 3 2 19 1 0 42
$643,950 2,081 0.5 - 1 acre 3 2 22 0 0 94
$457,500 1,643 6,500 - 8,000 sqft 2 2 20 2 1 38