Housing Market in Sedona
Sedona's housing market genuinely disagrees across sources on both the exact median price and recent price DIRECTION -- a real, disclosed spread from $1.1M to $1.36M -- and is structurally shaped by short-term rental and second-home demand more than full-time-resident demand.
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Learn moreA real, wide disagreement on the current median -- including on direction
Sources reviewed this session genuinely disagree: one cites $1,360,000 (up 0.12% YoY, essentially flat); a July 2026-dated market report cites $1.22M; a third, Redfin-style tracker cites $1.1M for the most recent month, DOWN 6.9% year-over-year. This isn't just a level disagreement -- it's a disagreement on whether prices are flat or falling, disclosed here rather than resolved into one settled figure.
A real, wide within-market spread between condos and single-family homes
Condos run far cheaper (~$570,000) than single-family homes (~$1,695,000) -- a genuinely wide within-market spread reflecting Sedona's mixed condo/resort-adjacent and single-family luxury housing stock, meaning 'the Sedona median' obscures a lot of real variation depending on property type.
Short-term rental and second-home demand shapes supply and pricing
About 26% of Sedona homes are not occupied by full-time residents, and licensed short-term rentals alone make up 16.8%-20% of the single-family housing stock (1,140 identified as of 2023, 1,094 permitted, 95% compliance) -- a real, structural demand source beyond full-time-resident housing need, which helps explain why prices have stayed elevated even where recent year-over-year direction disagrees across sources.
Verify current, address-specific figures before budgeting
Given the real, wide disagreement across sources on both level and direction, and the real property-type spread between condos and single-family homes, treat any single citywide median as a rough starting point only -- pull current listing and comparable-sale data for the specific property type and area under consideration.
Key takeaways
- Sources genuinely disagree on Sedona's current median home price ($1.1M-$1.36M) and even on recent price DIRECTION (roughly flat vs. down 6.9% YoY, depending on source).
- Condos (~$570K) run far cheaper than single-family homes (~$1.695M) -- a real, wide within-market spread by property type.
- About 26% of homes are not full-time-occupied, and short-term rentals make up 16.8%-20% of the single-family stock -- a real, structural demand source beyond full-time-resident need.
- Given the real cross-source disagreement, treat any single citywide median as directional only and pull current, property-type-specific data before budgeting.
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