Sedona, AZ 86336 Real Estate Market Report

ZIP Code: 86336
Report Date: February 2026
Market Temperature: N/A
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Sedona, AZ is $1,199,000, reflecting a dynamic market with mixed pricing signals. While some segments are experiencing modest appreciation, others are showing signs of softening. The current market conditions suggest a degree of pricing friction, particularly as the median listing price stands at $1,602,000, indicating a significant gap between seller expectations and actual transaction values. This discrepancy may lead to adjustments in listing strategies as sellers respond to market realities.

Transaction activity appears moderate, with 235 days as the median days on market, suggesting slower sales velocity. Elevated inventory levels are present, with excess supply relative to sales activity, which may indicate a shift in market dynamics. Despite these challenges, rental demand remains robust, supported by low inventory, although year-over-year rent changes are unclear. Overall, the market is navigating a complex landscape, with sellers needing to adapt to a more cautious buyer sentiment.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Sedona AZ market average around 5.875% to 6.375%, which is notably lower than some rates seen earlier in 2026, presenting a potential refinancing opportunity for owners who locked in higher terms.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $1,199,000 indicates a potential gap between seller expectations and market reality, necessitating strategic adjustments.

2. With 235 days on market, the sales velocity is slower, suggesting that properties may require more time to sell in the current environment.

3. The median listing price of $1,602,000 reflects elevated seller expectations, which may not align with buyer willingness to pay, creating pricing friction.

4. Elevated inventory levels indicate excess supply relative to sales activity, which may pressure sellers to reconsider their pricing strategies.

5. Strong rental demand persists, with a median market rent of $2,180, although the year-over-year rent trend remains unclear.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.