Find Your Edge in Today's Market for the Verde Valley Area

Sedona, AZ

Single-Family Homes

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Sedona, AZ

Mon Feb 06 2023
This week the median list price for Sedona, AZ is $1,100,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 100. Click here to stay informed with the Sedona 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 been flat for several weeks. 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.

Sedona, AZ

Mon Feb 06 2023
This week the median list price for Sedona, AZ is $1,100,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 100. Click here to stay informed with the Sedona 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 been flat for several weeks. 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 Sedona market.
Median List Price $1,100,000
Median Price of New Listings $1,074,500
Per Square Foot $492
Average Days on Market 119
Median Days on Market 98
Price Decreased 48%
Price Increased 1%
Relisted 15%
Inventory 100
Median Rent
Market Action 31
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,940,000 4,200 0.5 - 1 acre 4 4 24 2 4 91
$1,250,000 2,560 0.25 - 0.5 acre 3 3 29 4 2 105
$975,000 2,119 0.25 - 0.5 acre 3 2 31 4 4 91
$720,000 1,823 0.25 - 0.5 acre 3 2 39 2 0 182