Sheri Sperry's Market Report

Sedona, AZ 86351

Condos/Townhomes

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



Sedona, AZ 86351

Fri Mar 29 2024
This week the median list price for Sedona, AZ 86351 is $505,000 with the market action index hovering around 41. This is less than last month's market action index of 47. Inventory has held steady at or around 6. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Sedona, AZ 86351

Fri Mar 29 2024
This week the median list price for Sedona, AZ 86351 is $505,000 with the market action index hovering around 41. This is less than last month's market action index of 47. Inventory has held steady at or around 6. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Sedona market.
Median List Price $505,000
Median Price of New Listings $520,000
Per Square Foot $429
Average Days on Market 16
Median Days on Market 11
Price Decreased 17%
Price Increased 0%
Relisted 0%
Inventory 6
Median Rent
Market Action 41
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. 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
$765,000 1,662 0 - 4,500 sqft 2 2 25 0 0 7
$525,000 1,270 0 - 4,500 sqft 3 2 40 1 0 0
$505,000 1,034 0 - 4,500 sqft 2 1.5 39 1 0 10
$425,000 1,196 0 - 4,500 sqft 2 2 44 0 0 35