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Scottsdale, AZ 85255

Single-Family Homes

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Scottsdale, AZ 85255

Tue Apr 23 2024
This week the median list price for Scottsdale, AZ 85255 is $2,250,000 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has increased to 288. Click here to stay informed with the Scottsdale market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Scottsdale, AZ 85255

Tue Apr 23 2024
This week the median list price for Scottsdale, AZ 85255 is $2,250,000 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has increased to 288. Click here to stay informed with the Scottsdale market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $2,250,000
Median Price of New Listings $2,024,997
Per Square Foot $594
Average Days on Market 108
Median Days on Market 70
Price Decreased 50%
Price Increased 3%
Relisted 8%
Inventory 288
Median Rent
Market Action 34
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$6,970,000 6,949 1 - 2.5 acres 5 6 14 5 2 94
$2,770,000 4,361 0.5 - 1 acre 4 5 24 6 6 80
$1,862,500 3,397 0.25 - 0.5 acre 4 4 25 9 5 49
$1,099,000 2,342 6,500 - 8,000 sqft 3 3 26 8 9 42