Sheri Sperry's Market Report

Sedona, AZ 86351

Single-Family Homes

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



Sedona, AZ 86351

Wed May 22 2024
This week the median list price for Sedona, AZ 86351 is $1,062,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has increased to 78. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Sedona, AZ 86351

Wed May 22 2024
This week the median list price for Sedona, AZ 86351 is $1,062,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has increased to 78. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Sedona market.
Median List Price $1,062,000
Median Price of New Listings $769,000
Per Square Foot $471
Average Days on Market 133
Median Days on Market 84
Price Decreased 33%
Price Increased 3%
Relisted 9%
Inventory 78
Median Rent
Market Action 32
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$2,590,000 3,659 0.5 - 1 acre 4 4 16 1 0 84
$1,199,000 2,356 0.25 - 0.5 acre 3 3 22 2 2 63
$912,500 2,063 0.25 - 0.5 acre 3 2 27 1 1 98
$679,950 1,745 8,000 - 10,000 sqft 2 2 36 5 4 91