Sheri Sperry's Market Report

Cottonwood, AZ 86326

Single-Family Homes

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


Cottonwood, AZ 86326

Thu Sep 21 2023
This week the median list price for Cottonwood, AZ 86326 is $534,450 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 48. Click here to stay informed with the Cottonwood market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Cottonwood, AZ 86326

Thu Sep 21 2023
This week the median list price for Cottonwood, AZ 86326 is $534,450 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 48. Click here to stay informed with the Cottonwood market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Cottonwood market.
Median List Price $534,450
Median Price of New Listings $514,450
Per Square Foot $291
Average Days on Market 76
Median Days on Market 42
Price Decreased 46%
Price Increased 2%
Relisted 2%
Inventory 48
Median Rent
Market Action 35
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
$1,142,000 2,531 1 - 2.5 acres 3 2.3 23 2 0 70
$642,000 2,341 0.25 - 0.5 acre 3 2.8 29 3 0 70
$471,400 1,799 8,000 - 10,000 sqft 3 2 22 3 2 45
$372,189 1,320 0.25 - 0.5 acre 3 2 37 2 3 21