Is Mormon Lake, AZ 86038 a buyer’s or seller’s market?
Mormon Lake is a buyer’s market. With about 22.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Mormon Lake housing market right now
In the three months ending August 31, 2026, 0% of homes in Mormon Lake, AZ 86038 sold above their list price, the typical home went under contract in 138 days and there were 22.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (73 days then) and the median sale price rose 6% to $359,844. Overall, Mormon Lake is less competitive than a year ago, which gives buyers more room.
Within Coconino County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Flagstaff 86003 (40% sold over asking) and Page 86040 (33% sold over asking) are even more competitive.
Run the numbers for 86038
Nearby markets
Ash Fork 86320Buyer’s market $133 /sq ftBellemont 86015Seller’s market $293 /sq ftFlagstaff 86001Balanced $399 /sq ftFlagstaff 86003Seller’s market $466 /sq ft Browse all markets →Where Mormon Lake is
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Questions about Mormon Lake real estate
Is Mormon Lake a buyer’s or seller’s market?
A buyer’s market: there were 22.4 months of supply in Mormon Lake, AZ 86038 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Mormon Lake?
The typical home went under contract in 138 days in the latest three months.
Do homes in Mormon Lake sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.3% of the list price.
What are property taxes in Mormon Lake?
About 0.46% of a home’s value a year in Coconino County, or roughly $1,840 on a $400,000 home.
What is the median home price in Mormon Lake?
The median sale price was $359,844 in the three months ending August 31, 2026, about $250 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology