Sedona, AZ 86336 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

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.

Market Trends & Context

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

Key Findings

1. The neighborhood's primary market value indicator, the median sold price, is 1,222,500, which represents the most reliable signal of recent transaction activity and should be prioritized over asking prices when valuing SFR and condo listings.
2. Despite a higher median listing price of 1,374,500, transaction evidence anchored by the median sold price suggests pricing friction between seller expectations and closed transactions, and this gap appears alongside a relatively long median days on market of 110, which may indicate slower decision timelines for buyers.
3. Market velocity appears muted: with the median sold price at 1,222,500 and a neutral market temperature (neutral), liquidity shows moderate transaction volume and balanced conditions rather than strong directional momentum.
4. Renter and financing context: median market rent is 2,495 and rent is trending up, while interest rate pressure is reported as elevated with current 30-year fixed mortgage rates at 6.75%, noted as an 11-month high; together these factors may compress buyer affordability and extend listing times, supporting a view of elevated inventory relative to sales activity.

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.