Sheri Sperry's Market Report
Cornville, AZ 86325
Single-Family Homes
Coldwell Banker Realty - Sedona | (928) 274-7355 | Sheri@SellSedona.com
Cornville, AZ 86325
Sat Sep 07 2024
This week the median list price for Cornville, AZ 86325 is $726,500 with the market action index hovering around 33. This is less than last month's market action index of 36. Inventory has decreased to 26.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $726,500 | |
| Median Price of New Listings | $738,000 | |
| Per Square Foot | $327 | |
| Average Days on Market | 160 | |
| Median Days on Market | 116 | |
| Price Decreased | 27% | |
| Price Increased | 0% | |
| Relisted | 8% | |
| Inventory | 26 | |
| Median Rent | ||
| Market Action | 33 | |
| Slight Seller's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $1,800,000 | 3,882 | 2.5 - 5 acres | 4 | 2.8 | 31 | 0 | 0 | 112 |
| $847,500 | 2,509 | 1 - 2.5 acres | 3 | 2.8 | 20 | 0 | 0 | 77 |
| $686,500 | 2,188 | 1 - 2.5 acres | 3 | 2 | 27 | 1 | 0 | 203 |
| $440,000 | 1,615 | 6,500 - 8,000 sqft | 2 | 2 | 21 | 0 | 0 | 140 |