Sheri Sperry's Market Report
Rimrock, AZ 86335
Single-Family Homes
Coldwell Banker Realty - Sedona | (928) 274-7355 | Sheri@SellSedona.com
Rimrock, AZ 86335
Fri Jul 26 2024
This week the median list price for Rimrock, AZ 86335 is $449,999 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has decreased to 23.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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
| Median List Price | $449,999 | |
| Median Price of New Listings | $559,000 | |
| Per Square Foot | $270 | |
| Average Days on Market | 189 | |
| Median Days on Market | 77 | |
| Price Decreased | 61% | |
| Price Increased | 4% | |
| Relisted | 22% | |
| Inventory | 23 | |
| Median Rent | ||
| Market Action | 37 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $645,000 | 2,388 | 0.5 - 1 acre | 3 | 2.5 | 25 | 0 | 0 | 77 |
| $492,000 | 1,730 | 0.25 - 0.5 acre | 3 | 2 | 9 | 1 | 1 | 59 |
| $449,000 | 1,758 | 8,000 - 10,000 sqft | 3 | 2 | 14 | 0 | 0 | 203 |
| $397,500 | 1,425 | 0.25 - 0.5 acre | 3 | 2 | 34 | 0 | 3 | 87 |