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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$585,000|
|Per Square Foot||$223|
|Days on Market||111|
|Strong Seller's Market|
In a market where prices are rising some, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
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|