Single-Family Homes
Sat Jul 27 2024
This week the median list price for Sedona, AZ 86351 is $1,075,000 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has decreased to 67.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Median List Price | $1,075,000 | |
Median Price of New Listings | $925,000 | |
Per Square Foot | $476 | |
Average Days on Market | 148 | |
Median Days on Market | 105 | |
Price Decreased | 54% | |
Price Increased | 0% | |
Relisted | 7% | |
Inventory | 67 | |
Median Rent | ||
Market Action | 30 | |
Slight Seller's Advantage |
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$2,322,500 | 3,515 | 1 - 2.5 acres | 4 | 4 | 17 | 0 | 1 | 150 |
$1,190,000 | 2,412 | 0.25 - 0.5 acre | 3 | 3 | 26 | 1 | 2 | 119 |
$939,000 | 2,188 | 0.25 - 0.5 acre | 3 | 3 | 29 | 1 | 1 | 70 |
$649,000 | 1,704 | 0.25 - 0.5 acre | 3 | 2 | 38 | 2 | 2 | 77 |