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VERNON, AZ 85940

Real Estate Market Report  ·  Apache County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
18
⇧ 20% vs 15 last year
Pending
3
17% pending ratio
Median Price
$825,000
⇧ 53.5% vs $537,625 last year
Average Price
$775,250
⇧ 37.6% vs $563,270 last year
Days on Market
173
⇧ 21% vs 143 days last year

Market Context

Population: 1,548  ·  Density: 6.1/mi²  ·  Median household income: $61,971

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

Market Analysis

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

The VERNON, AZ real estate market (85940) currently shows 18 active listings, with 3 pending sales. Homes are averaging 173 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 173 days on market compared to 143 days last year.

The median listing price has risen 53.5% year-over-year, from $537,625 to $825,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 18 this year vs 15 last year
  • Days on market: 173 now vs 143 last year

Median & Average Pricing

Year over Year
  • Median: $825,000 (+53.5% YoY)
  • Average: $775,250 (+37.6% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 66.9 miles — 251 listings ($147,665,202 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85940Vernon, AZ 859400.0 mi18$13,954,500$825,000$775,250
85929Lakeside, AZ 8592916.2 mi81$57,362,175$499,900$708,175
85938Springerville, AZ 8593817.7 mi8$3,376,344$295,500$422,043
85927Greer, AZ 8592721.7 mi22$21,211,872$637,000$964,176
85939Taylor, AZ 8593925.6 mi14$6,837,712$439,000$488,408
85937Snowflake, AZ 8593728.3 mi44$20,723,780$417,500$470,995
85936Saint Johns, AZ 8593633.6 mi14$3,866,520$239,500$276,180
85923Clay Springs, AZ 8592337.0 mi2$629,000$314,500$314,500
85942Woodruff, AZ 8594240.8 mi2$2,299,450$1,149,725$1,149,725
86025Holbrook, AZ 8602550.2 mi8$1,841,144$254,000$230,143
85928Heber, AZ 8592852.0 mi15$7,960,005$559,000$530,667
87829Quemado, NM 8782960.2 mi15$4,502,700$280,000$300,180
87830Reserve, NM 8783066.9 mi8$3,100,000$289,250$387,500

Frequently Asked Questions

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

As of January 2026, there are 18 active listings in VERNON, AZ (zip code 85940), compared to 15 the prior year.

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

The median listing price in VERNON, AZ 85940 is $825,000 as of January 2026, a 53.5% increase from $537,625 the prior year.

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

Homes in VERNON, AZ 85940 spend an average of 173 days on the market before going under contract, compared to 143 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 January 2026, VERNON, AZ 85940 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 173 days on market compared to 143 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 $16,500 compared to a typical 5% commission on the median listing price of $825,000. 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.