First Integrity Title Market Report

Scottsdale, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372



Scottsdale, AZ

Tue May 28 2024
This week the median list price for Scottsdale, AZ is $529,900 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 645. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Scottsdale, AZ

Tue May 28 2024
This week the median list price for Scottsdale, AZ is $529,900 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 645. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $529,900
Median Price of New Listings $575,000
Per Square Foot $399
Average Days on Market 85
Median Days on Market 56
Price Decreased 51%
Price Increased 3%
Relisted 5%
Inventory 645
Median Rent
Market Action 36
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,295,000 2,115 0 - 4,500 sqft 2 3 16 14 14 77
$675,000 1,656 0 - 4,500 sqft 2 2 24 20 17 49
$454,500 1,253 0 - 4,500 sqft 2 2 34 16 9 42
$324,999 932 0 - 4,500 sqft 2 1 48 13 17 49