Sheri Sperry's Market Report
Cottonwood, AZ 86326
Single-Family Homes
Coldwell Banker Realty - Sedona | (928) 274-7355 | Sheri@SellSedona.com
Cottonwood, AZ 86326
Fri Jul 10 2020
This week the median list price for Cottonwood, AZ 86326 is $324,000 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has held steady at or around 51.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Real-Time Market Profile
| Median List Price | $324,000 | |
| Per Square Foot | $184 | |
| Days on Market | 133 | |
| Price Decreased | 37% | |
| Price Increased | 10% | |
| Relisted | 8% | |
| Inventory | 51 | |
| Median Rent | $1,295 | |
| Most Expensive | $980,000 | |
| Least Expensive | $137,500 | |
| Market Action | 43 | |
| Slight Seller's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $576,125 | 2,555 | 0.25 - 0.5 acre | 3 | 2 | 2 | 0 | 1 | 174 |
| $360,000 | 1,875 | 6,500 - 8,000 sqft | 3 | 2 | 19 | 2 | 1 | 171 |
| $293,500 | 1,695 | 8,000 - 10,000 sqft | 3 | 2 | 24 | 3 | 2 | 51 |
| $180,000 | 1,400 | 0.25 - 0.5 acre | 3 | 2 | 33 | 1 | 1 | 136 |