Stewart Title's Real Estate Market Report for Yavapai & Coconino Counties
Sedona, AZ 86336
Single-Family Homes
Natalie Kurz | 928.301.3518 | Natalie.Kurz@Stewart.com
Sedona, AZ 86336
Thu Jun 08 2023
This week the median list price for Sedona, AZ 86336 is $1,798,000 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has held steady at or around 61.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $1,798,000 | |
| Median Price of New Listings | $1,395,000 | |
| Per Square Foot | $563 | |
| Average Days on Market | 99 | |
| Median Days on Market | 56 | |
| Price Decreased | 41% | |
| Price Increased | 3% | |
| Relisted | 8% | |
| Inventory | 61 | |
| Median Rent | ||
| Market Action | 40 | |
| Slight Seller's Advantage | ||
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
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 |
|---|---|---|---|---|---|---|---|---|
| $4,850,000 | 4,365 | 1 - 2.5 acres | 4 | 4 | 11 | 1 | 0 | 70 |
| $2,287,500 | 4,179 | 0.5 - 1 acre | 4 | 4 | 22 | 0 | 1 | 84 |
| $1,580,000 | 2,674 | 0.25 - 0.5 acre | 3 | 3 | 29 | 2 | 1 | 49 |
| $972,500 | 1,905 | 0.25 - 0.5 acre | 3 | 2 | 39 | 3 | 2 | 31 |