Sheri Sperry's Market Report

Cornville, AZ 86325

Single-Family Homes

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



Cornville, AZ 86325

Tue Oct 15 2019
This week the median list price for Cornville, AZ 86325 is $458,000 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has held steady at or around 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 Seller's Advantage

The market has started cooling and prices have recently plateaued. Since 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 Oct 15 2019
This week the median list price for Cornville, AZ 86325 is $458,000 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has held steady at or around 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 Seller's Advantage

The market has started cooling and prices have recently plateaued. Since 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 $458,000
Per Square Foot $192
Days on Market 130
Price Decreased 49%
Price Increased 2%
Relisted 4%
Inventory 47
Median House Rent
Most Expensive $2,687,000
Least Expensive $247,000
Market Action Index
Slight Seller's Advantage
30

We continue to see prices in this zip code bouncing around this plateau. 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
$797,000 4,327 2.5 - 5 acres 4 3 24 1 0 178
$554,900 2,874 1 - 2.5 acres 3 3 14 1 1 200
$380,500 1,958 8,000 - 10,000 sqft 3 2 14 2 0 73
$288,400 1,560 4,500 - 6,500 sqft 2 2 14 3 0 70