Wed Jan 22 2020
This week the median list price for Sedona, AZ 86351 is $741,950 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 76.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$741,950|
|Per Square Foot||$283|
|Days on Market||192|
|Slight Buyer's Advantage|
While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,950,000||4,521||1 - 2.5 acres||4||5||17||0||0||305|
|$899,500||2,992||0.5 - 1 acre||3||3||17||1||2||208|
|$620,000||2,536||0.25 - 0.5 acre||3||3||23||3||3||120|
|$449,000||1,762||0.25 - 0.5 acre||3||2||32||2||4||133|