Sheri Sperry's Market Report

Rimrock, AZ 86335

Single-Family Homes

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



Rimrock, AZ 86335

Thu Feb 29 2024
This week the median list price for Rimrock, AZ 86335 is $515,000 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has decreased 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Rimrock, AZ 86335

Thu Feb 29 2024
This week the median list price for Rimrock, AZ 86335 is $515,000 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has decreased 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Rimrock market.
Median List Price $515,000
Median Price of New Listings $428,250
Per Square Foot $285
Average Days on Market 161
Median Days on Market 102
Price Decreased 50%
Price Increased 0%
Relisted 17%
Inventory 24
Median Rent
Market Action 29
Slight Buyer'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
$630,500 2,030 0.25 - 0.5 acre 3 2 2 0 0 210
$535,000 2,331 0.25 - 0.5 acre 3 1.5 21 0 0 157
$472,000 1,561 0.25 - 0.5 acre 3 2 10 1 0 66
$338,750 1,421 6,500 - 8,000 sqft 2 2 25 1 1 66