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

Sedona, AZ

Single-Family Homes

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Sedona, AZ

Wed Feb 28 2024
This week the median list price for Sedona, AZ is $1,198,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has increased to 133. 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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.

Sedona, AZ

Wed Feb 28 2024
This week the median list price for Sedona, AZ is $1,198,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has increased to 133. 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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.

Real-Time Market Profile

Never miss important changes in the Sedona market.
Median List Price $1,198,000
Median Price of New Listings $1,542,450
Per Square Foot $522
Average Days on Market 121
Median Days on Market 91
Price Decreased 34%
Price Increased 2%
Relisted 11%
Inventory 133
Median Rent
Market Action 32
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$3,750,000 4,367 1 - 2.5 acres 4 4 15 5 1 105
$1,590,000 2,966 0.5 - 1 acre 4 3 27 5 3 98
$1,049,000 2,188 0.25 - 0.5 acre 3 2 28 4 4 77
$734,500 1,744 0.25 - 0.5 acre 3 2 37 4 4 70