Navi Title Agency

Scottsdale, AZ 85254

Single-Family Homes

Here is your weekly Market Update!



Scottsdale, AZ 85254

Tue Jul 16 2024
This week the median list price for Scottsdale, AZ 85254 is $1,050,000 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has held steady at or around 157. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Scottsdale, AZ 85254

Tue Jul 16 2024
This week the median list price for Scottsdale, AZ 85254 is $1,050,000 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has held steady at or around 157. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $1,050,000
Median Price of New Listings $1,095,000
Per Square Foot $441
Average Days on Market 76
Median Days on Market 56
Price Decreased 56%
Price Increased 3%
Relisted 10%
Inventory 157
Median Rent
Market Action 40
Slight Seller's Advantage

Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.

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
$1,950,000 3,989 0.5 - 1 acre 5 4 45 2 2 70
$1,250,000 2,725 8,000 - 10,000 sqft 4 3 40 5 3 56
$949,900 2,310 0.25 - 0.5 acre 4 2 43 1 4 56
$739,999 1,664 8,000 - 10,000 sqft 3 2 41 5 7 35