First American Title Market Report

Scottsdale, AZ

Single-Family Homes



Scottsdale, AZ

Thu Jun 20 2024
This week the median list price for Scottsdale, AZ is $1,499,900 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has decreased to 1,178. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Scottsdale, AZ

Thu Jun 20 2024
This week the median list price for Scottsdale, AZ is $1,499,900 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has decreased to 1,178. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $1,499,900
Median Price of New Listings $1,299,900
Per Square Foot $496
Average Days on Market 94
Median Days on Market 63
Price Decreased 53%
Price Increased 2%
Relisted 6%
Inventory 1,178
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
$4,242,704 5,483 1 - 2.5 acres 4 5 16 19 18 91
$1,998,500 3,683 0.5 - 1 acre 4 4 25 26 37 56
$1,195,000 2,651 8,000 - 10,000 sqft 4 3 32 27 48 56
$765,000 1,850 6,500 - 8,000 sqft 3 2 41 43 39 49