Sedona Market Report: Spring 2024

• Average selling price for all Sedona Single Family homes (excluding condos, townhomes and MFG) that sold in 2023 was $1,259,165   - with an average price per square foot at $504 with an average of 127 days on market.

Luxury Market statistics for Sedona, AZ

• In Sedona's $1.5 Million plus luxury market the average price of sold homes during 2023 was $1.97M with 84 sales over $1.5m -  45 sales alone over $2M and the highest priced sale in Sedona in 2023 was $12.5M.  Average price per square foot is hovering over $700 psf.  The nicest homes are selling in the $1000 psf range - so be prepared to pay in this range if you want the highest quality and best views.

Sub $750k Market in Sedona

• At the other end of Sedona's market (homes selling under $750,000) there were only 79 sales (down from 360 sales in 2021 - YIKES!) - a marked increase in sales in this category and slash in overall market time is strictly a matter of inventory and COVID- and subsequent Zoom Boom, our sub $750k inventory has shrunk drastically.
• Average Sale Price is up 20% in the last two years : $541,755 vs 2019 $451,728
• Average Price/Square Foot up 20% in the last two years: $401psf  vs 2021 average $346 psf
• Inventory of available homes has increased slightly over the past several years - but our current inventory of homes in Sedona is 149 with 25 homes currently tied up with buyers leaving a true inventory of only 124 residential units.   This level of inventory is twice what we had 24 months ago... but is still low.

All real estate agents on the list above are members of the Sedona Verde Valley Association of REALTORS®, which you may verify by clicking on their site. Find a Sedona REALTOR®, serving the entire Verde Valley area property market for homes in Northern Arizona.

• Buyers - Find the home (or lot) of your dreams surrounded by the Sedona’s red rocks.
  Use the MLS - Multiple Listing Service - Select a Sedona Homes Relocation Specialist.
  If you are looking for a Sedona Home, try a Sedona homes agent from the list.
  Search for homes in Sedona, West Sedona, Uptown Sedona, Chapel Area, Red Rock Loop area, Big Park, Village of Oak Creek - VOC, Oak Creek Canyon.
  Call one of the real estate brokers listed above.
• Sellers - Get top dollar for your sale.
  For residential real estate agents selling a condo, condominium, cottage, duplex, fixer-upper, ranch, house, luxury home, townhouse, patio home, single-family residential