First Integrity Title Market Report

Scottsdale, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372



Scottsdale, AZ

Fri Mar 29 2024
This week the median list price for Scottsdale, AZ is $535,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has increased to 630. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Scottsdale, AZ

Fri Mar 29 2024
This week the median list price for Scottsdale, AZ is $535,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has increased to 630. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $535,000
Median Price of New Listings $480,000
Per Square Foot $397
Average Days on Market 88
Median Days on Market 56
Price Decreased 47%
Price Increased 2%
Relisted 5%
Inventory 630
Median Rent
Market Action 35
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
$1,299,950 2,154 0 - 4,500 sqft 2 3 15 1 10 56
$660,000 1,587 0 - 4,500 sqft 2 2 23 14 19 56
$469,000 1,284 0 - 4,500 sqft 2 2 36 22 17 49
$313,500 904 0 - 4,500 sqft 2 1 50 10 18 56