Market Intelligence · Mike Konefal
Flagstaff & Northern Arizona
Market Report
This is Mike Konefal's ongoing local market update for the Flagstaff real estate market and Northern Arizona. It tracks the latest published median and average sale prices, price per square foot, homes sold, and market conditions from sources such as Redfin and local MLS-based reports, with each figure cited and dated. New data is added as sources publish it.
Market Snapshot
Current Flagstaff Housing Market Snapshot
The figures below are the most recently published statistics for the Flagstaff housing market. Each figure is shown exactly as published by its source, with the source name and data date cited.
Median Sale Price
$705,000
Monthly median sale price for all home types in July 2026; 181 homes sold in the month.
Source: August 2026 MLS-based Flagstaff market report (arizonahomesandcondos.com), covering July 2026 data
Redfin 3-Month Median
$700,000
Three-month median, all home types, down 0.1% year over year.
Source: Redfin Flagstaff Housing Market, data as of August 2026
Average Sale Price
$652,000
Most recent month, down 13.9% year over year.
Source: Redfin Flagstaff Housing Market, data as of August 2026
Median Price per Sq Ft
$391
Median price per square foot, down 2.6% year over year.
Source: Redfin Flagstaff Housing Market, data as of August 2026
Days on Market
61
Median days on market for Flagstaff homes sold in July 2026.
Source: August 2026 MLS-based Flagstaff market report (arizonahomesandcondos.com), covering July 2026 data
Market Competitiveness
57 / 100
Redfin rates Flagstaff "somewhat competitive" on its Compete Score (30 to 69 band).
Source: Redfin Flagstaff Housing Market, data as of August 2026
About This Data
Why the median figures differ: Redfin's $700,000 figure is a rolling three-month median covering all home types (down 0.1% year over year as of August 2026), while the $705,000 figure is the single-month median from the MLS-based report covering July 2026. Redfin's average sale price for the most recent month was $652,000, down 13.9% year over year, and its median price per square foot was $391, down 2.6%. Different sources, property types, and time windows produce different numbers, so comparisons should always be like-for-like.
Full-year context: Best Flagstaff Homes' MLS-based annual trends report, tracking full-year Flagstaff property trends, counted 778 closed single-family home sales in Flagstaff in full-year 2025, up modestly from 772 in 2024, with the 2025 median sales price rising to about $793,750 (up 2.89% from $771,475 in 2024). Zillow's typical home value for Flagstaff was $665,540 as of June 30, 2026, down 0.5% year over year. Redfin's August 2026 update reports that homes in Flagstaff sell after about 33 days on average, a different measure than the MLS-based median sold days on market. Data current as of August 2026; this report was last updated October 11, 2026.
What the Numbers Mean
A Market Holding Steady
The published data points to a Flagstaff property market that has moderated from its peak while holding a firm floor. The most recent MLS-based report (covering July 2026) shows a $705,000 monthly median with 181 homes sold and 61 median days on market, while Redfin's rolling three-month median sits at $700,000, down 0.1% year over year, with the average sale price down 13.9% and the median price per square foot down 2.6%. Redfin's "somewhat competitive" 57 out of 100 rating reflects a market where well-priced homes still attract attention but buyers have more room than in the early 2020s.
Supply remains the defining constraint. Flagstaff's mountain geography and surrounding federal land limit new development, which is why full-year 2025 single-family sales volume (778 homes) stayed close to the prior year's 772 despite softer prices in some segments. For buyers, that means fewer choices but negotiable terms. For sellers, realistic pricing and strong presentation matter more than they did a few years ago.
Mike's Read on the Market
"The numbers tell a story of a market that corrected from its peak and is holding. Northern Arizona's demand drivers, the university, the Grand Canyon corridor, and constrained land, keep a floor under values. My job is translating these published statistics into decisions for the specific property you are buying, selling, or investing in."
Mike Konefal · Broker Associate · Coldwell Banker Northland
Regional Context
The Northern Arizona Market: Williams, Sedona & the Grand Canyon Corridor
Flagstaff does not move in isolation. It sits at the center of a Northern Arizona real estate market that Mike Konefal covers for both commercial and residential property, and where the same demand drivers, tourism, geography, and limited supply, play out differently in each community.
Williams
The last Historic Route 66 town before the Grand Canyon and the home of the Grand Canyon Railway. Williams draws tourism traffic year-round, which drives demand for hospitality, retail, restaurants, and owner-user commercial space. Mike's practice includes active commercial and residential opportunities in Williams, from multi-unit mixed-use properties to investment real estate along the Route 66 corridor.
Sedona
About 30 miles south of Flagstaff, Sedona's red rock scenery supports one of Arizona's strongest tourism and second-home markets. Hospitality properties, vacation rentals, and luxury residential demand make Sedona a distinct submarket that investors compare against Flagstaff when sizing acquisitions across Northern Arizona.
Grand Canyon Corridor
The I-40 corridor connecting Flagstaff and Williams to the Grand Canyon South Rim carries millions of visitors each year. That traffic anchors hospitality, fuel, food, and service businesses along the highway, and it links the region's commercial property values to Grand Canyon tourism as a persistent economic engine for Northern Arizona.
Buying, selling, or leasing anywhere in Northern Arizona?
Mike provides market analysis and transaction support across Flagstaff, Williams, Sedona, and the broader Northern Arizona region, for both commercial and residential property.
Flagstaff Market Questions
Frequently Asked Questions
Clear, fact-based answers to the questions buyers, sellers, and investors ask about the Flagstaff and Northern Arizona market, each updated with the latest published data and Flagstaff real estate market insights.
What is the average home price in Flagstaff?
Redfin's Flagstaff housing market page, data as of August 2026, shows a three-month median sale price of $700,000, down 0.1 percent year over year, and an average sale price of $652,000, down 13.9 percent. The MLS-based market report covering July 2026 put the monthly median at $705,000 with 181 homes sold. Zillow's typical home value was $665,540 as of June 30, 2026. Figures differ by source, property type, and measurement window, so compare like-for-like data.
Last updated: October 11, 2026
Is Flagstaff a buyer's or seller's market right now?
As of August 2026, Redfin rates Flagstaff as "somewhat competitive" with a Compete Score of 57 out of 100, meaning neither buyers nor sellers hold overwhelming leverage. The most recent three-month median sale price is down 0.1 percent year over year and the average sale price is down 13.9 percent, while inventory remains constrained by limited developable land. It is a market that has cooled from its peak while holding up well for buyers and sellers alike.
Last updated: October 11, 2026
What is the Flagstaff housing market forecast?
Published data as of August 2026 points to a stable-to-adjusting market: Redfin's three-month median sale price is $700,000, down 0.1 percent year over year, the average sale price is $652,000, down 13.9 percent, and the median price per square foot is $391, down 2.6 percent. The MLS-based report covering July 2026 shows the median at $705,000 with 181 homes sold. Redfin describes Flagstaff as somewhat competitive with a Compete Score of 57. With constrained inventory, university-driven demand from Northern Arizona University, and steady tourism traffic, the local expectation is a gradual market rather than a sharp correction. No forecast is guaranteed, and individual property results vary by location, condition, and price point.
Last updated: October 11, 2026
Is now a good time to invest in Northern Arizona real estate?
Northern Arizona has structural demand drivers: NAU enrollment, Grand Canyon and Route 66 tourism, and limited developable land. Recent published data shows Flagstaff single-family home prices holding well above $700,000, with 778 single-family homes sold in 2025 versus 772 in 2024 and a 2025 median sales price of about $793,750. Whether now is the right time depends on your goals, financing, and the specific asset. Mike Konefal works with investors on cap rate analysis, lease structures, and acquisition strategy for both commercial and residential property across Northern Arizona.
Last updated: October 11, 2026
Where can I find current Flagstaff housing market data?
Redfin publishes a monthly Flagstaff housing market page with median and average sale prices, price per square foot, homes sold, and a market competitiveness score. Zillow publishes a Flagstaff typical home value, and local brokers publish monthly and annual MLS-based summaries, including the market report covering July 2026 and full-year 2025 trends cited on this page. This page is Mike Konefal's ongoing local market update and is refreshed as new data is published.
Last updated: October 11, 2026
Free Property Valuation
Get Your Free Northern Arizona Property Value Estimate
Whether you own a home, a commercial building, or an investment property in Flagstaff, Williams, Sedona, or anywhere in Northern Arizona, Mike will prepare a property-specific estimate grounded in current market data and Northern Arizona property trends.