BUDWIG TEAM REPORTS

Scottsdale, AZ

Single-Family Homes

Your Arizona Real Estate Team



Scottsdale, AZ

Fri Apr 12 2024
This week the median list price for Scottsdale, AZ is $1,595,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has increased to 1,229. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Scottsdale, AZ

Fri Apr 12 2024
This week the median list price for Scottsdale, AZ is $1,595,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has increased to 1,229. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $1,595,000
Median Price of New Listings $1,189,000
Per Square Foot $506
Average Days on Market 94
Median Days on Market 56
Price Decreased 50%
Price Increased 4%
Relisted 6%
Inventory 1,229
Median Rent
Market Action 37
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
$4,369,000 5,676 1 - 2.5 acres 5 5 16 27 14 77
$2,050,000 3,746 0.5 - 1 acre 4 4 25 18 36 70
$1,235,000 2,742 0.25 - 0.5 acre 4 3 30 39 32 49
$798,250 1,951 6,500 - 8,000 sqft 3 2 40 43 49 42