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 Mar 19 2024
This week the median list price for Cornville, AZ 86325 is $602,000 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has increased to 30. 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

Tue Mar 19 2024
This week the median list price for Cornville, AZ 86325 is $602,000 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has increased to 30. 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 $602,000
Median Price of New Listings $667,450
Per Square Foot $286
Average Days on Market 103
Median Days on Market 60
Price Decreased 27%
Price Increased 7%
Relisted 10%
Inventory 30
Median Rent
Market Action 35
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$749,800 2,615 0.5 - 1 acre 3 3 25 1 2 91
$650,000 2,188 1 - 2.5 acres 3 2.5 27 1 1 70
$539,500 1,827 6,500 - 8,000 sqft 3 2 21 0 0 119
$439,900 1,557 4,500 - 6,500 sqft 2 1 19 0 0 24