Sheri Sperry's Market Report

Sedona, AZ 86351

Single-Family Homes

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



Sedona, AZ 86351

Thu Feb 29 2024
This week the median list price for Sedona, AZ 86351 is $998,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has increased to 61. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Sedona, AZ 86351

Thu Feb 29 2024
This week the median list price for Sedona, AZ 86351 is $998,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has increased to 61. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Sedona market.
Median List Price $998,000
Median Price of New Listings $1,699,000
Per Square Foot $445
Average Days on Market 141
Median Days on Market 98
Price Decreased 34%
Price Increased 2%
Relisted 10%
Inventory 61
Median Rent
Market Action 31
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$2,350,000 3,624 1 - 2.5 acres 4 4 17 4 0 49
$1,149,000 2,626 0.25 - 0.5 acre 3 3 24 0 2 119
$850,000 2,009 0.25 - 0.5 acre 3 2 22 0 1 91
$615,000 1,689 8,000 - 10,000 sqft 2 2 37 1 1 91