First Integrity Title Market Report

Scottsdale, AZ

Single-Family Homes

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Scottsdale, AZ

Wed Feb 21 2024
This week the median list price for Scottsdale, AZ is $1,575,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has increased to 1,189. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Scottsdale, AZ

Wed Feb 21 2024
This week the median list price for Scottsdale, AZ is $1,575,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has increased to 1,189. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $1,575,000
Median Price of New Listings $1,099,875
Per Square Foot $502
Average Days on Market 98
Median Days on Market 63
Price Decreased 43%
Price Increased 4%
Relisted 7%
Inventory 1,189
Median Rent
Market Action 35
Slight Seller's Advantage

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$3,985,000 5,569 1 - 2.5 acres 4 5 17 18 12 70
$2,050,000 3,724 0.5 - 1 acre 4 4 25 18 18 63
$1,200,000 2,725 8,000 - 10,000 sqft 4 3 31 33 33 70
$794,500 1,922 6,500 - 8,000 sqft 3 2 40 45 50 42