BUDWIG TEAM REPORTS

Scottsdale, AZ 85255

Single-Family Homes

Your Arizona Real Estate Team



Scottsdale, AZ 85255

Sun Oct 06 2024
This week the median list price for Scottsdale, AZ 85255 is $2,299,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has increased to 217. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Scottsdale, AZ 85255

Sun Oct 06 2024
This week the median list price for Scottsdale, AZ 85255 is $2,299,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has increased to 217. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $2,299,000
Median Price of New Listings $1,924,500
Per Square Foot $602
Average Days on Market 139
Median Days on Market 98
Price Decreased 36%
Price Increased 5%
Relisted 10%
Inventory 217
Median Rent
Market Action 35
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
$5,260,500 6,159 1 - 2.5 acres 5 6 13 5 1 140
$3,000,000 4,595 0.5 - 1 acre 4 5 23 4 3 115
$1,769,000 3,429 0.25 - 0.5 acre 4 4 25 3 6 80
$989,000 2,220 6,500 - 8,000 sqft 3 3 26 8 8 49