The First American Title Market Report

Scottsdale, AZ

Single-Family Homes

Arizona Direct Operations



Scottsdale, AZ

Wed Oct 23 2019
This week the median list price for Scottsdale, AZ is $986,500 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 1464. 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

Wed Oct 23 2019
This week the median list price for Scottsdale, AZ is $986,500 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 1464. 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 $986,500
Per Square Foot $283
Days on Market 140
Price Decreased 36%
Price Increased 4%
Relisted 5%
Inventory 1,464
Median House Rent $4,200
Most Expensive $32,000,000
Least Expensive $210,000
Market Action Index
Slight Seller's Advantage
36

While this week the median didn’t fluctuate much, prices continue to sit at all time highs. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$2,600,000 5,851 1 - 2.5 acres 4 5 13 22 13 235
$1,349,950 4,326 0.5 - 1 acre 4 4 19 32 15 157
$810,000 3,199 0.25 - 0.5 acre 4 3 23 40 28 101
$525,000 2,152 8,000 - 10,000 sqft 4 2 32 67 62 66