Sheri Sperry's Market Report

Rimrock, AZ 86335

Single-Family Homes

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



Rimrock, AZ 86335

Mon Jun 17 2024
This week the median list price for Rimrock, AZ 86335 is $467,000 with the market action index hovering around 38. This is less than last month's market action index of 44. Inventory has increased to 24. Click here to stay informed with the Rimrock market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. 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.

Rimrock, AZ 86335

Mon Jun 17 2024
This week the median list price for Rimrock, AZ 86335 is $467,000 with the market action index hovering around 38. This is less than last month's market action index of 44. Inventory has increased to 24. Click here to stay informed with the Rimrock market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. 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

Never miss important changes in the Rimrock market.
Median List Price $467,000
Median Price of New Listings $447,000
Per Square Foot $282
Average Days on Market 193
Median Days on Market 119
Price Decreased 50%
Price Increased 8%
Relisted 25%
Inventory 24
Median Rent
Market Action 38
Slight Seller's Advantage

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves 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
$589,000 2,121 0.25 - 0.5 acre 3 2.3 1 0 0 448
$494,500 1,676 0.5 - 1 acre 3 2 12 1 0 38
$448,672 1,897 0.25 - 0.5 acre 3 2 22 0 0 119
$367,000 1,255 0.25 - 0.5 acre 3 2 34 1 0 126