Navi Title Agency

Scottsdale, AZ 85257

Single-Family Homes

Here is your weekly Market Update!


Scottsdale, AZ 85257

Thu Sep 21 2023
This week the median list price for Scottsdale, AZ 85257 is $710,000 with the market action index hovering around 41. This is less than last month's market action index of 47. Inventory has increased to 69. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Scottsdale, AZ 85257

Thu Sep 21 2023
This week the median list price for Scottsdale, AZ 85257 is $710,000 with the market action index hovering around 41. This is less than last month's market action index of 47. Inventory has increased to 69. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $710,000
Median Price of New Listings $736,999
Per Square Foot $407
Average Days on Market 71
Median Days on Market 42
Price Decreased 62%
Price Increased 3%
Relisted 6%
Inventory 69
Median Rent
Market Action 41
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$893,300 2,167 6,500 - 8,000 sqft 4 3 63 5 1 14
$749,000 1,733 6,500 - 8,000 sqft 4 2 63 2 2 56
$650,000 1,677 6,500 - 8,000 sqft 3 2 63 4 1 35
$599,500 1,554 6,500 - 8,000 sqft 3 2 64 1 1 35