BUDWIG TEAM REPORTS

Scottsdale, AZ 85255

Single-Family Homes

Your Arizona Real Estate Team



Scottsdale, AZ 85255

Thu Sep 21 2023
This week the median list price for Scottsdale, AZ 85255 is $2,393,637 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has increased to 156. 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 85255

Thu Sep 21 2023
This week the median list price for Scottsdale, AZ 85255 is $2,393,637 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has increased to 156. 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 $2,393,637
Median Price of New Listings $2,500,000
Per Square Foot $570
Average Days on Market 103
Median Days on Market 49
Price Decreased 33%
Price Increased 4%
Relisted 8%
Inventory 156
Median Rent
Market Action 43
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
$4,536,000 6,043 1 - 2.5 acres 5 6 16 6 2 70
$2,850,000 4,501 0.5 - 1 acre 4 5 22 7 2 56
$1,900,000 3,492 0.25 - 0.5 acre 4 4 24 5 3 49
$989,900 2,345 6,500 - 8,000 sqft 3 3 25 7 6 35