Sheri Sperry's Market Report

Sedona, AZ 86351

Single-Family Homes

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



Sedona, AZ 86351

Sun May 29 2022
This week the median list price for Sedona, AZ 86351 is $1,014,500 with the market action index hovering around 76. This is less than last month's market action index of 79. Inventory has increased to 18. 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.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Sedona, AZ 86351

Sun May 29 2022
This week the median list price for Sedona, AZ 86351 is $1,014,500 with the market action index hovering around 76. This is less than last month's market action index of 79. Inventory has increased to 18. 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.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Sedona market.
Median List Price $1,014,500
Median Price of New Listings $949,950
Per Square Foot $482
Average Days on Market 32
Median Days on Market 7
Price Decreased 22%
Price Increased 6%
Relisted 11%
Inventory 18
Median Rent
Market Action 76
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,513,950 2,527 0.5 - 1 acre 3 3 20 1 0 17
$1,212,500 2,334 0.25 - 0.5 acre 3 2 19 2 0 31
$979,000 2,248 4,500 - 6,500 sqft 3 3 20 2 3 7
$797,000 1,680 4,500 - 6,500 sqft 3 2 37 3 2 0