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MORMON LAKE, AZ 86038

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The MORMON LAKE, AZ real estate market (86038) currently shows 5 active listings. Homes are averaging 98 days on the market before going under contract.

Whether you are buying or selling in MORMON LAKE, AZ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 272  ·  Density: 0.8/mi²  ·  Median household income: $0

Typical home value: $0  ·  Homeownership: 100.0%

Market Overview

Active Listings
5
Pending
0
0% pending ratio
Median Price
$475,000
Average Price
$555,000
Days on Market
98

Market Trends

Inventory & Days on Market

Year over Year

Median & Average Pricing

Year over Year

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 52.6 miles — 766 listings ($676,826,136 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
86038Mormon Lake, AZ 860380.0 mi5$2,775,000$475,000$555,000
86005Flagstaff, AZ 8600514.6 mi115$197,846,000$1,039,000$1,720,400
86335Rimrock, AZ 8633520.3 mi29$14,092,898$414,500$485,962
86024Happy Jack, AZ 8602422.2 mi29$20,683,641$599,250$713,229
86015Bellemont, AZ 8601528.6 mi18$11,762,640$504,950$653,480
86004Flagstaff, AZ 8600433.4 mi126$128,071,818$749,900$1,016,443
86322Camp Verde, AZ 8632234.5 mi49$39,844,791$610,000$813,159
86018Parks, AZ 8601835.7 mi5$5,414,050$755,000$1,082,810
86331Jerome, AZ 8633136.8 mi3$1,498,500$499,500$499,500
85931Forest Lakes, AZ 8593147.1 mi6$6,395,760$720,000$1,065,960
86315Prescott Valley, AZ 8631548.0 mi112$92,563,968$819,450$826,464
86314Prescott Valley, AZ 8631452.1 mi192$107,611,776$505,000$560,478
86323Chino Valley, AZ 8632352.6 mi77$48,265,294$587,500$626,822

Frequently Asked Questions

How many homes are for sale in MORMON LAKE, AZ 86038?

As of February 2026, there are 5 active listings in MORMON LAKE, AZ (zip code 86038).

What is the median home price in MORMON LAKE, AZ 86038?

The median listing price in MORMON LAKE, AZ 86038 is $475,000 as of February 2026.

How long do homes stay on the market in MORMON LAKE, AZ?

Homes in MORMON LAKE, AZ 86038 spend an average of 98 days on the market before going under contract.

Is it a seller's or buyer's market in MORMON LAKE, AZ 86038?

Based on current inventory and days-on-market data as of February 2026, MORMON LAKE, AZ 86038 is currently a Balanced Market.

How much can I save on real estate commission in MORMON LAKE, AZ?

With SELL123.com's maximum 3% commission, sellers in MORMON LAKE, AZ 86038 save an estimated $9,500 compared to a typical 5% commission on the median listing price of $475,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.