BUDWIG TEAM REPORTS

Scottsdale, AZ 85255

Single-Family Homes

Your Arizona Real Estate Team


Scottsdale, AZ 85255

Sat Dec 21 2024
This week the median list price for Scottsdale, AZ 85255 is $2,270,662 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has decreased to 250. 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

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 85255

Sat Dec 21 2024
This week the median list price for Scottsdale, AZ 85255 is $2,270,662 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has decreased to 250. 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

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 $2,270,662
Median Price of New Listings $1,350,000
Per Square Foot $607
Average Days on Market 131
Median Days on Market 70
Price Decreased 42%
Price Increased 3%
Relisted 6%
Inventory 250
Median Rent
Market Action 32
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$5,997,500 6,243 0.5 - 1 acre 5 6 11 2 6 87
$2,897,500 4,407 0.5 - 1 acre 4 5 23 0 9 87
$1,700,000 3,296 0.5 - 1 acre 4 4 26 4 7 56
$1,050,000 2,220 6,500 - 8,000 sqft 3 3 27 5 7 56