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VERNON, AZ 85940

Real Estate Market Report  ·  Apache County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The VERNON, AZ real estate market (85940) currently shows 22 active listings, with 4 pending sales. Homes are averaging 54 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are selling faster, averaging 54 days on market compared to 85 days last year.

The median listing price has risen 47.4% year-over-year, from $500,000 to $737,000.

Whether you are buying or selling in VERNON, 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: 1,548  ·  Density: 6.1/mi²  ·  Median household income: $61,971

Typical home value: $243,272  ·  Homeownership: 88.0%

Market Overview

Active Listings
22
⇧ 29.4% vs 17 last year
Pending
4
18% pending ratio
Median Price
$737,000
⇧ 47.4% vs $500,000 last year
Average Price
$784,133
⇧ 45.2% vs $539,877 last year
Days on Market
54
⇩ 36.5% vs 85 days last year

Price Per Square Foot

Median $/sqft
$297
⇧ 12.5% vs $264/sqft last year
Median Home Size
2,333 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 22 this year vs 17 last year
  • Days on market: 54 now vs 85 last year

Median & Average Pricing

Year over Year
  • Median: $737,000 (+47.4% YoY)
  • Average: $784,133 (+45.2% YoY)

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 66.9 miles — 244 listings ($142,192,347 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85940Vernon, AZ 859400.0 mi17$13,636,873$825,000$802,169
85929Lakeside, AZ 8592916.2 mi83$54,140,900$481,475$652,300
85938Springerville, AZ 8593817.7 mi7$3,136,630$347,475$448,090
85927Greer, AZ 8592721.7 mi25$22,364,150$622,000$894,566
85939Taylor, AZ 8593925.6 mi16$7,589,920$361,250$474,370
85937Snowflake, AZ 8593728.3 mi46$21,378,638$440,000$464,753
85936Saint Johns, AZ 8593633.6 mi14$3,760,876$242,500$268,634
85923Clay Springs, AZ 8592337.0 mi3$913,500$304,500$304,500
85942Woodruff, AZ 8594240.8 mi2$2,299,450$1,149,725$1,149,725
86025Holbrook, AZ 8602550.2 mi8$2,236,080$269,900$279,510
85928Heber, AZ 8592852.0 mi13$7,192,523$465,614$553,271
86502Chambers, AZ 8650260.2 mi1$65,000$65,000$65,000
87830Reserve, NM 8783066.9 mi9$3,477,807$261,625$386,423

Frequently Asked Questions

How many homes are for sale in VERNON, AZ 85940?

As of March 2026, there are 22 active listings in VERNON, AZ (zip code 85940), compared to 17 the prior year.

What is the median home price in VERNON, AZ 85940?

The median listing price in VERNON, AZ 85940 is $737,000 as of March 2026, a 47.4% increase from $500,000 the prior year.

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

Homes in VERNON, AZ 85940 spend an average of 54 days on the market before going under contract, compared to 85 days the prior year.

Is it a seller's or buyer's market in VERNON, AZ 85940?

Based on current inventory and days-on-market data as of March 2026, VERNON, AZ 85940 is currently a Balanced Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are selling faster, averaging 54 days on market compared to 85 days last year.

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

With SELL123.com's maximum 3% commission, sellers in VERNON, AZ 85940 save an estimated $14,740 compared to a typical 5% commission on the median listing price of $737,000. 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.