Sheri Sperry's Market Report

Cornville, AZ 86325

Single-Family Homes

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



Cornville, AZ 86325

Wed Oct 23 2019
This week the median list price for Cornville, AZ 86325 is $449,000 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has held steady at or around 49. 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

While prices have recently plateaued, this is a buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Cornville, AZ 86325

Wed Oct 23 2019
This week the median list price for Cornville, AZ 86325 is $449,000 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has held steady at or around 49. 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

While prices have recently plateaued, this is a buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Cornville market.
Median List Price $449,000
Per Square Foot $193
Days on Market 117
Price Decreased 47%
Price Increased 0%
Relisted 2%
Inventory 49
Median House Rent
Most Expensive $2,687,000
Least Expensive $262,000
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
$763,500 3,963 2.5 - 5 acres 4 3 22 0 0 196
$534,900 2,825 1 - 2.5 acres 3 3 19 1 1 144
$382,000 1,958 8,000 - 10,000 sqft 3 2 14 2 0 75
$300,000 1,600 6,500 - 8,000 sqft 3 2 14 2 2 56