First Integrity Title Market Report

Scottsdale, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372


Scottsdale, AZ

Mon Dec 04 2023
This week the median list price for Scottsdale, AZ is $510,000 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has increased to 515. 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

Mon Dec 04 2023
This week the median list price for Scottsdale, AZ is $510,000 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has increased to 515. 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 $510,000
Median Price of New Listings $565,000
Per Square Foot $376
Average Days on Market 80
Median Days on Market 49
Price Decreased 47%
Price Increased 1%
Relisted 6%
Inventory 515
Median Rent
Market Action 39
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
$1,049,500 2,052 0 - 4,500 sqft 2 2 16 6 9 49
$625,000 1,632 0 - 4,500 sqft 2 2 25 8 15 49
$425,000 1,160 0 - 4,500 sqft 2 2 39 6 10 49
$299,900 860 0 - 4,500 sqft 2 1 49 3 8 42