Sheri Sperry's Market Report

Sedona, AZ 86351

Single-Family Homes

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



Sedona, AZ 86351

Tue Mar 19 2024
This week the median list price for Sedona, AZ 86351 is $1,042,000 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has increased to 68. 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 prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Sedona, AZ 86351

Tue Mar 19 2024
This week the median list price for Sedona, AZ 86351 is $1,042,000 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has increased to 68. 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 prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Sedona market.
Median List Price $1,042,000
Median Price of New Listings $1,149,000
Per Square Foot $460
Average Days on Market 144
Median Days on Market 116
Price Decreased 32%
Price Increased 4%
Relisted 21%
Inventory 68
Median Rent
Market Action 30
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
$2,295,000 3,592 1 - 2.5 acres 4 4 17 0 0 70
$1,189,000 2,508 0.25 - 0.5 acre 3 3 25 3 2 119
$920,000 2,073 0.25 - 0.5 acre 3 2 24 2 3 112
$630,000 1,686 8,000 - 10,000 sqft 3 2 32 0 1 119