Sheri Sperry's Market Report

Cottonwood, AZ 86326

Single-Family Homes

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



Cottonwood, AZ 86326

Wed Feb 28 2024
This week the median list price for Cottonwood, AZ 86326 is $499,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has increased to 61. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Cottonwood, AZ 86326

Wed Feb 28 2024
This week the median list price for Cottonwood, AZ 86326 is $499,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has increased to 61. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Cottonwood market.
Median List Price $499,000
Median Price of New Listings $430,000
Per Square Foot $289
Average Days on Market 88
Median Days on Market 70
Price Decreased 39%
Price Increased 2%
Relisted 8%
Inventory 61
Median Rent
Market Action 35
Slight Seller's Advantage

Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there’s a portion of the market being priced at a premium. You can investigate this condition in the quartile details.

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
$950,000 2,624 1 - 2.5 acres 3 2 36 0 1 133
$615,000 1,902 8,000 - 10,000 sqft 3 2 2 2 1 14
$464,900 1,695 8,000 - 10,000 sqft 3 2 30 1 1 70
$375,000 1,425 0.25 - 0.5 acre 3 2 33 2 3 35