Sedona appreciation rates and housing market information

Sedona housing market information

With 10,178 people, 5,709 houses or apartments, and a median cost of homes of $463,950, Sedona house prices are not only among the most expensive in Arizona, Sedona real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Sedona, accounting for 68.00% of the city's housing units. Other types of housing that are prevalent in Sedona include mobile homes or trailers (15.01%), row houses and other attached homes (6.99%), large apartment complexes or high rise apartments (5.82%), and a few duplexes, homes converted to apartments, or other small apartment buildings (3.47%).

Dwellings in Sedona tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 52.33% of the homes in Sedona have two or fewer bedrooms.

There is a lot of housing in Sedona built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sedona built from 1940-1969 (18.78%). A lesser amount of the housing stock also hails from 1995 and later (15.69%), and some were built from 1939 and earlier (15.69%).

Vacant housing appears to be an issue in Sedona. Fully 13.52% of the housing stock is classified as vacant. Left unchecked, vacant Sedona homes and apartments can be a drag on the real estate market, holding Sedona real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Sedona home appreciation rates

Appreciation rates for homes in Sedona have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 81.47%, which ranks in the top 40% nationwide. This equates to an annual average Sedona house appreciation rate of 8.14%.

Over the last year, Sedona appreciation rates have trailed the rest of the nation. In the last twelve months, Sedona's appreciation rate has been -12.43%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sedona were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to Arizona, our data show that Sedona's latest annual appreciation rate is higher than 29% of the other cities and towns in Arizona.