2024 has seen The Village of Oak Creek real estate market jump out to increases in both home sales and home sale prices over those seen last year.
If your planning on make the move to Sedona, take the time and dive deep into the available homes, exploring the nuances of different neighborhoods and understanding the market trends.
This research will allow you to make informed decisions and be able to move quickly once you find that home.
If you’re getting ready to sell your home in Sedona, there are a couple of things you’ll want to keep in mind. Staging is key, so take the time to declutter and depersonalize your space, highlighting its unique features and charm to potential buyers.
Don’t underestimate the power of marketing. Ensure that your agent invest in professional photography and leverage digital platforms to showcase your home to a wider audience.
The Village of Oak Creek has seen a decrease of 7.3 percent in the number of homes sold for 2024 when compared to 2023.
The average home sales price has seen a decrease of 4.3 percent during the same time period.
The Sedona Verde Valley Board of REALTORS® (SVVAR) reported that the number of days that homes that sold were on the market for the year has experienced a 15 day decrease to 107 days.
Here is an infographic with the breakdown of how the Village of Oak Creek Real Estate Market has done during 2024.
Village of Oak Creek 2024 Home Sales
For 2024, home sales in the Village of Oak Creek has seen 38 sales which is a 7.3 percent decrease when compared to the homes sales of 2023.
Homes under $500,000 have made up 15.8 percent of sales, with homes priced between $500,000 and $999,999 accounting for 63.2 percent of sales. Homes priced over $1,000,000 have come in at 21.0 percent.
Village of Oak Creek 2024 Home Sale Prices
The average home sale price in 2024 reached $892,810, in the Village of Oak Creek which was a decrease of 4.3 percent when compared to 2023.
Meanwhile, the median home sale price, $800,000, has seen a decrease of 3.0 percent during the same time period.
Village of Oak Creek 2024 Days on Market and Absorption Rate
The inventory of available homes for sale in Village of Oak Creek is slightly higher than neutral as 2024 is currently at 7.1 months. The number of new listings (76) for the year is 18 more than there were in 2023.
A neutral market is 6 months of inventory with numbers above 6 months indicating a buyer’s market (more supply of homes than the demand) and numbers below 6 months, a seller’s market (more homes in demand than homes available on the market).
For more information on how these numbers are affecting you or for a specific neighborhood, contact me for free information.
Village of Oak Creek Current Listings
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