Sheri Sperry's Market Report
Rimrock, AZ 86335
Single-Family Homes
Coldwell Banker Realty - Sedona | (928) 274-7355 | Sheri@SellSedona.com
Rimrock, AZ 86335
Sat Jan 16 2021
This week the median list price for Rimrock, AZ 86335 is $225,000 with the market action index hovering around 66. This is less than last month's market action index of 70. Inventory has held steady at or around 5.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $225,000 | |
| Per Square Foot | $159 | |
| Days on Market | 71 | |
| Price Decreased | 40% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 5 | |
| Median Rent | $1,475 | |
| Most Expensive | $1,395,000 | |
| Least Expensive | $165,000 | |
| Market Action | 66 | |
| Strong Seller's Market | ||
In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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 |
|---|---|---|---|---|---|---|---|---|
| $1,395,000 | 4,294 | 10 - 20 acres | 3 | 3 | 13 | 0 | 1 | 147 |
| $350,000 | 2,056 | 1 - 2.5 acres | 3 | 3 | 37 | 0 | 1 | 56 |
| $225,000 | 1,408 | 0.25 - 0.5 acre | 2 | 2 | 36 | 0 | 2 | 56 |
| $166,500 | 1,145 | 0.25 - 0.5 acre | 2 | 1 | 30 | 0 | 0 | 49 |