Is Sedona, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Sedona was a Seller's Market.
Housing Prices in Sedona, AZ
How much do homes in Sedona, AZ cost?
Median Sold Price
$1,248,000
$509/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sedona was $1,248,000 in March 2024, up 11.4% from last year, and the median price per square foot was $509.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $415K | $440K | +6.0% |
2 Bedrooms | $840K | $750K | -10.7% |
3 Bedrooms | $1.1M | $1.1M | +1.1% |
4 Bedrooms | $1.3M | $1.8M | +36.8% |
5+ Bedrooms | $1.9M | $2.7M | +40.2% |
Summary: Sedona housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes increased by 40.2%.
Housing Supply in Sedona, AZ
How many homes are available in Sedona, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 56 | +24.4% |
Summary: The Sedona real estate market had 56 homes for sale in March 2024, a 24.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 17 | 20 | +17.6% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Sedona housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Sedona in March 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Sedona, AZ
How long does it take to sell a home in Sedona, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
70 Days | 20 Days | -71.2% |
Summary: Homes in Sedona had an average of 20 days on market in Mar 2024, down by 71.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Sedona; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.