Single-Family Homes
Fri Apr 26 2024
This week the median list price for Sedona, AZ 86351 is $1,075,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has increased to 69.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Median List Price | $1,075,000 | |
Median Price of New Listings | $919,000 | |
Per Square Foot | $453 | |
Average Days on Market | 126 | |
Median Days on Market | 70 | |
Price Decreased | 36% | |
Price Increased | 3% | |
Relisted | 9% | |
Inventory | 69 | |
Median Rent | ||
Market Action | 32 | |
Slight Seller's Advantage |
In a market where prices are rising some, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$2,295,000 | 3,763 | 0.5 - 1 acre | 4 | 4 | 18 | 1 | 3 | 56 |
$1,200,000 | 2,428 | 0.25 - 0.5 acre | 3 | 3 | 25 | 0 | 2 | 56 |
$920,000 | 2,086 | 0.25 - 0.5 acre | 3 | 2 | 25 | 4 | 0 | 70 |
$661,500 | 1,664 | 6,500 - 8,000 sqft | 2 | 2 | 30 | 1 | 2 | 122 |