First Integrity Title Market Report

Scottsdale, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372



Scottsdale, AZ

Mon Dec 02 2024
This week the median list price for Scottsdale, AZ is $540,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has increased to 712. 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

Market Narrative

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 02 2024
This week the median list price for Scottsdale, AZ is $540,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has increased to 712. 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

Market Narrative

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 $540,000
Median Price of New Listings $520,000
Per Square Foot $396
Average Days on Market 110
Median Days on Market 70
Price Decreased 43%
Price Increased 3%
Relisted 5%
Inventory 712
Median Rent
Market Action 31
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
$1,450,000 2,106 0 - 4,500 sqft 3 2.5 15 15 11 77
$700,000 1,622 0 - 4,500 sqft 2 2 23 8 10 56
$443,000 1,223 0 - 4,500 sqft 2 2 39 14 16 77
$307,250 925 0 - 4,500 sqft 2 1 49 13 22 77