In a nutshell, the real estate market is Sedona was unremarkable in any way. Home sales were up 4% from the prior year, the median sales price rose 2% to $437,000, and the average price per square foot increased 1% to $217. Inventory remains very low, with only 233 active listings as we enter the new year. For for more information as well as the scoop on luxury homes and vacant land, click here.