Sedona 86336 Market Update - April 17, 2023

Sedona's 86336 real estate market is hot!

• Median list price for homes is $1,635,000, while the median price of new listings is $1,399,000.
• Average price per square foot is $559
• Inventory stands at 58.
• Average days to sell 107
• Nearly half of the properties, 45%, experienced a price decrease, and only 2% saw a price increase. However, 9% of the homes were relisted.

The market remains sizzling as a surge in sales demand and a limited supply of homes for sale in Sedona, AZ 86336 have led to a prolonged period of rising prices. At present, the balance between supply and demand indicates that prices are unlikely to deviate from their upward trajectory anytime soon.