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 Apr 24 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.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| 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 | ||
Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,295,000 | 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 |