Navi Title Agency

Scottsdale, AZ 85254

Single-Family Homes

Here is your weekly Market Update!


Scottsdale, AZ 85254

Mon Dec 11 2023
This week the median list price for Scottsdale, AZ 85254 is $1,095,000 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has decreased to 133. 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 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 85254

Mon Dec 11 2023
This week the median list price for Scottsdale, AZ 85254 is $1,095,000 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has decreased to 133. 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 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 $1,095,000
Median Price of New Listings $1,087,500
Per Square Foot $422
Average Days on Market 71
Median Days on Market 49
Price Decreased 54%
Price Increased 3%
Relisted 8%
Inventory 133
Median Rent
Market Action 44
Slight Seller's Advantage

In this zip code this week saw relatively little price change from last week. However, we continue to 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
$1,650,000 3,650 0.5 - 1 acre 5 4 38 3 0 49
$1,285,000 2,828 0.25 - 0.5 acre 4 3 38 2 3 49
$975,000 2,451 8,000 - 10,000 sqft 4 3 35 2 6 42
$742,000 1,909 8,000 - 10,000 sqft 3 2 40 3 7 49