Sheri Sperry's Market Report

Cornville, AZ 86325

Single-Family Homes

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



Cornville, AZ 86325

Fri Mar 29 2024
This week the median list price for Cornville, AZ 86325 is $562,000 with the market action index hovering around 33. This is less than last month's market action index of 37. Inventory has increased to 32. 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 plateaued for a while. Despite the consistent decrease in MAI, 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.

Cornville, AZ 86325

Fri Mar 29 2024
This week the median list price for Cornville, AZ 86325 is $562,000 with the market action index hovering around 33. This is less than last month's market action index of 37. Inventory has increased to 32. 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 plateaued for a while. Despite the consistent decrease in MAI, 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

Never miss important changes in the Cornville market.
Median List Price $562,000
Median Price of New Listings $550,000
Per Square Foot $284
Average Days on Market 104
Median Days on Market 60
Price Decreased 25%
Price Increased 3%
Relisted 9%
Inventory 32
Median Rent
Market Action 33
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
$786,400 2,583 0.5 - 1 acre 3 2.5 20 2 0 108
$647,500 2,209 0.5 - 1 acre 3 2.5 27 0 1 80
$524,950 1,711 6,500 - 8,000 sqft 2 2 22 2 2 52
$434,900 1,557 4,500 - 6,500 sqft 2 1 19 1 0 24