Sheri Sperry's Market Report
Sedona, AZ 86351
Single-Family Homes
Coldwell Banker Realty - Sedona | (928) 274-7355 | Sheri@SellSedona.com
Sedona, AZ 86351
Thu May 02 2024
This week the median list price for Sedona, AZ 86351 is $1,075,000 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 69.
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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.
Real-Time Market Profile
| Median List Price | $1,075,000 | |
| Median Price of New Listings | $803,500 | |
| Per Square Foot | $460 | |
| Average Days on Market | 129 | |
| Median Days on Market | 77 | |
| Price Decreased | 35% | |
| Price Increased | 3% | |
| Relisted | 9% | |
| Inventory | 69 | |
| Median Rent | ||
| Market Action | 31 | |
| Slight Seller's Advantage | ||
Click for more charts
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 |
|---|---|---|---|---|---|---|---|---|
| $2,350,000 | 3,763 | 0.5 - 1 acre | 4 | 4 | 18 | 1 | 1 | 63 |
| $1,200,000 | 2,428 | 0.25 - 0.5 acre | 3 | 3 | 25 | 0 | 0 | 63 |
| $920,000 | 2,086 | 0.25 - 0.5 acre | 3 | 2 | 25 | 1 | 0 | 126 |
| $687,445 | 1,689 | 0.25 - 0.5 acre | 3 | 2 | 34 | 2 | 3 | 112 |