Sedona, AZ 86336 Real Estate Market Report

ZIP Code: 86336
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Sedona, AZ is $1,175,000, reflecting a market that has seen some price softening recently. The neighborhood has decreased 8% since 2022, indicating a shift in buyer sentiment and market dynamics. This decline in sold prices suggests that sellers may need to adjust expectations to align with current market realities, especially as inventory levels remain elevated relative to sales activity.

Transaction activity is characterized by a median days on market of 318 days, which points to slower sales velocity and a potential cooling in buyer demand. The market temperature is currently described as neutral, suggesting a balance between supply and demand, though the overall environment may lean towards a buyer's advantage as inventory remains high. With a median listing price of $1,394,500, there exists a notable gap between listing and sold prices, which may contribute to the extended time properties are taking to sell.

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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

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Sedona AZ at approximately 6.497% are 0.35% higher than the Arizona average of 6.145% seen earlier in March 2026.

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 $1,175,000 indicates a market experiencing softening prices.

2. With 318 days on market, properties are taking significantly longer to sell, reflecting slower sales velocity.

3. The median listing price of $1,394,500 shows a significant gap compared to sold prices, suggesting potential pricing friction.

4. The market temperature is neutral, indicating a balanced environment but with signs of elevated inventory relative to sales.

5. Year-over-year trends for both sold prices and rents are down, signaling a broader market adjustment.

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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.