BUDWIG TEAM REPORTS

Scottsdale, AZ

Single-Family Homes

Your Arizona Real Estate Team


Scottsdale, AZ

Tue Apr 01 2025
This week the median list price for Scottsdale, AZ is $1,650,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 1,595. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Scottsdale, AZ

Tue Apr 01 2025
This week the median list price for Scottsdale, AZ is $1,650,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 1,595. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $1,650,000
Median Price of New Listings $1,142,500
Per Square Foot $516
Average Days on Market 108
Median Days on Market 56
Price Decreased 50%
Price Increased 2%
Relisted 5%
Inventory 1,595
Median Rent
Market Action 33
Slight Seller's Advantage

This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.

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
$4,467,500 5,559 0.5 - 1 acre 4 5 18 31 12 77
$2,099,900 3,741 0.5 - 1 acre 4 4 26 31 25 56
$1,250,000 2,710 0.25 - 0.5 acre 4 3 32 54 40 49
$750,000 1,804 6,500 - 8,000 sqft 3 2 41 70 45 42