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 Sep 07 2024
This week the median list price for Rimrock, AZ 86335 is $448,344 with the market action index hovering around 31. This is an increase over last month's market action index of 28. Inventory has decreased to 19.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 | $448,344 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $265 | |
| Average Days on Market | 167 | |
| Median Days on Market | 84 | |
| Price Decreased | 58% | |
| Price Increased | 0% | |
| Relisted | 21% | |
| Inventory | 19 | |
| Median Rent | ||
| Market Action | 31 | |
| Slight Seller's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $610,000 | 2,270 | 0.25 - 0.5 acre | 3 | 2.5 | 13 | 0 | 0 | 371 |
| $475,000 | 1,640 | 0.25 - 0.5 acre | 3 | 2 | 17 | 0 | 0 | 105 |
| $409,000 | 1,572 | 0.25 - 0.5 acre | 3 | 2 | 10 | 0 | 0 | 56 |
| $398,000 | 1,526 | 0.25 - 0.5 acre | 3 | 2 | 18 | 0 | 0 | 14 |