This year, the Sedona real estate market found its footing.
After the frenzy of 2021 and 2022, and the sharp recalibration of 2023, the 2024 market was something most Sedona agents hadn’t seen in years: a market that rewarded preparation over urgency, patience over panic, and accuracy over aspiration.
Here is what the full year showed.
A Quick Look at the 2024 Numbers
Active Listings
The average number of active listings rose from 206.5 in 2023 to 256.7 in 2024, a year-over-year increase of 24.3%. Buyers had more options than the year prior. Sedona’s inventory expanded meaningfully, creating evaluation room that the prior two years had not provided.
New Listings
New listings totaled 725 in 2024, up from 636 in 2023, a year-over-year increase of 14%. More sellers came to market in 2024 than the prior year. In December 2024, there were 23 new listings, down from 40 the prior month, a month-over-month decrease of 42.5%. Compared to December 2023, which had 54 new listings, this represents a year-over-year decrease of 57.4% in that final month.
Pending Listings
Pending listings increased from 449 in 2023 to 486 in 2024, an annual rise of 8.2%. In December 2024, there were 40 pending listings, up from 35 in November, a month-over-month increase of 14.3%. Year-over-year, pending listings were flat at 40 in December versus 40 in December 2023.
Closed Sales
Sold listings grew from 465 in 2023 to 475 in 2024, an annual increase of 2.2%. December 2024 recorded 43 sold listings, up from 37 in November, a month-over-month increase of 16.2%. Compared to December 2023, which had 46 sold listings, this represents a year-over-year decrease of 6.5%.
Average Sale Price
The average sale price for the full year increased from $1,129,901 in 2023 to $1,163,242 in 2024, reflecting annual growth of 3%. December 2024 recorded an average sale price of $1,231,503, up from $1,098,060 in November, a month-over-month increase of 12.1%. Compared to December 2023, with an average of $1,023,808, this represents a year-over-year increase of 20.2%.
Median Sale Price
The median sale price in December 2024 was $1,070,000, up from $985,000 in November, a month-over-month increase of 8.6%. The full-year 2024 median tells the core story of the market: prices held and grew modestly even as inventory expanded. Sedona, Arizona did not give back the appreciation of 2020 through 2022.
What the 2024 Market Was Telling Us
Three things defined Sedona’s 2024 market. More inventory. Steady prices. Slower pace.
The increase in active listings gave buyers more options than they’d had since before 2020. The 24.3% year-over-year rise in average active listings created a genuine evaluation environment. Buyers had time to compare, visit multiple times, and make deliberate decisions.
Sellers who understood this environment priced accurately and moved their properties. Sellers who priced at 2022 valuations without accounting for the expanded competition sat on market through price reductions that communicated something to buyers they didn’t intend to communicate.
The market rewarded realistic expectations on both sides.
What Changed Into 2025
The inventory that expanded through 2024 contracted sharply in 2025. Active listings entering 2025 began running nearly 40% below year-ago levels. The balanced conditions of 2024 have given way to a tighter market where buyers have fewer options and sellers have recovered the leverage that briefly softened.
For buyers who were evaluating in 2024 and waiting for conditions to improve further: conditions moved in the other direction. The buyers who acted in 2024’s expanded inventory environment are now holding properties in a tighter, higher-priced market.
Frequently Asked Questions: Sedona Real Estate Market 2024
How did the Sedona real estate market perform in 2024?
The Sedona, Arizona real estate market in 2024 saw inventory expand by 24.3% year-over-year while prices grew modestly, with the full-year average sale price rising 3% to $1,163,242. Transaction volume increased slightly, with sold listings up 2.2% to 475 for the year. The market was characterized by more options for buyers and a more measured pace than the prior two years.
Did home prices drop in Sedona in 2024?
No. Home prices in Sedona, Arizona grew in 2024, with the full-year average sale price rising 3% over 2023. December 2024 showed a year-over-year average sale price increase of 20.2% compared to December 2023. The market held value through the inventory expansion cycle without giving back the appreciation built from 2020 through 2022.
Was 2024 a buyer’s market or seller’s market in Sedona?
The 2024 Sedona, Arizona market was a balanced-to-buyer-leaning market. The 24.3% year-over-year increase in average active listings gave buyers more evaluation room and negotiating leverage than the prior three years. Sellers who priced accurately still transacted efficiently. Sellers who overpriced found the expanded inventory working against them, with buyers moving to better-priced alternatives.
What price range was most active in Sedona’s 2024 market?
Properties under $1 million were the most competitive segment of Sedona’s 2024 market. The full-year median sale price of approximately $1 million reflects sustained buyer activity at and below that threshold. Higher-priced properties, particularly above $2 million, experienced longer days on market as the buyer pool at those price points is smaller and more deliberate.
How does 2024 compare to 2023 for Sedona real estate?
The 2024 Sedona real estate market improved on 2023 across most measures. Transaction volume was higher, with sold listings up 2.2% and pending listings up 8.2%. The average sale price grew 3%. Inventory expanded, giving buyers more options. The overall picture was a market that transacted more efficiently in 2024 than in the recalibration year of 2023.
What happened to the Sedona market after 2024?
Entering 2025, the inventory that expanded through 2024 contracted significantly, with active listings running nearly 40% below year-ago levels by late 2025. Prices have held and are trending upward. The balanced conditions of 2024 have given way to a tighter market where buyers have fewer options and sellers have recovered meaningful leverage.
Search current Sedona listings to see what’s active now, or visit the 2025 Sedona Market Report for the latest data. To understand what your home is worth in today’s market, request a complimentary valuation here.
