First Integrity Title Market Report

Scottsdale, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372


Scottsdale, AZ

Fri Jul 26 2024
This week the median list price for Scottsdale, AZ is $496,500 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 612. 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

Fri Jul 26 2024
This week the median list price for Scottsdale, AZ is $496,500 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 612. 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 $496,500
Median Price of New Listings $462,500
Per Square Foot $386
Average Days on Market 97
Median Days on Market 70
Price Decreased 51%
Price Increased 3%
Relisted 6%
Inventory 612
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
$1,299,999 2,049 0 - 4,500 sqft 2 3 16 10 17 91
$613,800 1,489 0 - 4,500 sqft 2 2 26 16 18 70
$425,000 1,145 0 - 4,500 sqft 2 2 38 14 13 49
$315,000 925 0 - 4,500 sqft 2 1 46 18 16 63