Sheri Sperry's Market Report

Cornville, AZ 86325

Single-Family Homes

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



Cornville, AZ 86325

Wed Apr 24 2024
This week the median list price for Cornville, AZ 86325 is $550,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has increased to 35. Click here to stay informed with the Cornville 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.

Cornville, AZ 86325

Wed Apr 24 2024
This week the median list price for Cornville, AZ 86325 is $550,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has increased to 35. Click here to stay informed with the Cornville 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 Cornville market.
Median List Price $550,000
Median Price of New Listings $515,000
Per Square Foot $285
Average Days on Market 97
Median Days on Market 49
Price Decreased 34%
Price Increased 0%
Relisted 6%
Inventory 35
Median Rent
Market Action 31
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.

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
$859,000 2,503 1 - 2.5 acres 3 2.5 22 2 0 52
$650,000 2,471 1 - 2.5 acres 3 2 28 0 0 70
$524,900 1,711 6,500 - 8,000 sqft 3 2 20 2 0 70
$447,800 1,516 4,500 - 6,500 sqft 2 1 22 2 1 42