Lawyers Title Market Report

Scottsdale, AZ 85251

Single-Family Homes

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Scottsdale, AZ 85251

Sat Jun 12 2021
This week the median list price for Scottsdale, AZ 85251 is $648,500 with the market action index hovering around 84. This is an increase over last month's market action index of 83. Inventory has decreased to 15. 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.

Strong Seller's Market

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 85251

Sat Jun 12 2021
This week the median list price for Scottsdale, AZ 85251 is $648,500 with the market action index hovering around 84. This is an increase over last month's market action index of 83. Inventory has decreased to 15. 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.

Strong Seller's Market

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 $648,500
Median Price of New Listings $579,900
Per Square Foot $379
Average Days on Market 29
Median Days on Market 7
Price Decreased 13%
Price Increased 0%
Relisted 0%
Inventory 15
Median Rent $4,498
Market Action 84
Strong Seller's Market

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

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
$2,999,000 4,950 0.5 - 1 acre 4 4 3 0 1 84
$857,450 2,470 8,000 - 10,000 sqft 4 2 62 0 3 24
$641,500 1,889 6,500 - 8,000 sqft 3 2 57 1 3 7
$582,450 1,594 4,500 - 6,500 sqft 3 2 57 2 1 3