Sheri Sperry's Market Report

Sedona, AZ 86351

Condos/Townhomes

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


Sedona, AZ 86351

Wed Apr 24 2024
This week the median list price for Sedona, AZ 86351 is $464,500 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has decreased to 4. Click here to stay informed with the Sedona market!

Market Action Index

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

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Sedona, AZ 86351

Wed Apr 24 2024
This week the median list price for Sedona, AZ 86351 is $464,500 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has decreased to 4. Click here to stay informed with the Sedona market!

Market Action Index

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

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Sedona market.
Median List Price $464,500
Median Price of New Listings $0
Per Square Foot $452
Average Days on Market 53
Median Days on Market 46
Price Decreased 50%
Price Increased 0%
Relisted 0%
Inventory 4
Median Rent
Market Action 42
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$765,000 1,662 0 - 4,500 sqft 2 2 25 0 0 35
$479,000 798 0 - 4,500 sqft 1 1 38 0 0 49
$450,000 1,010 0 - 4,500 sqft 2 2 45 0 0 42
$400,000 1,382 0 - 4,500 sqft 2 2 44 0 0 84