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 Feb 25 2024
This week the median list price for Cornville, AZ 86325 is $647,500 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has increased to 24. 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 Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Cornville, AZ 86325

Sun Feb 25 2024
This week the median list price for Cornville, AZ 86325 is $647,500 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has increased to 24. 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 Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Never miss important changes in the Cornville market.
Median List Price $647,500
Median Price of New Listings $622,000
Per Square Foot $285
Average Days on Market 111
Median Days on Market 56
Price Decreased 13%
Price Increased 4%
Relisted 4%
Inventory 24
Median Rent
Market Action 38
Slight Seller's Advantage

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

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
$934,487 2,798 1 - 2.5 acres 3 2.5 20 1 0 98
$684,000 2,365 0.25 - 0.5 acre 3 2.8 19 0 1 91
$564,500 2,042 6,500 - 8,000 sqft 3 2 19 0 0 91
$475,000 1,636 6,500 - 8,000 sqft 2 1 21 1 0 28