BUDWIG TEAM REPORTS
Scottsdale, AZ 85251
Condos/Townhomes
Your Arizona Real Estate Team
Scottsdale, AZ 85251
Mon Dec 30 2024
This week the median list price for Scottsdale, AZ 85251 is $475,000 with the market action index hovering around 34. This is an increase over last month's market action index of 29. Inventory has held steady at or around 260.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $475,000 | |
| Median Price of New Listings | $625,000 | |
| Per Square Foot | $398 | |
| Average Days on Market | 133 | |
| Median Days on Market | 91 | |
| Price Decreased | 42% | |
| Price Increased | 4% | |
| Relisted | 5% | |
| Inventory | 260 | |
| Median Rent | ||
| Market Action | 34 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices 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 |
|---|---|---|---|---|---|---|---|---|
| $1,750,000 | 2,010 | 0 - 4,500 sqft | 2 | 2.5 | 15 | 27 | 5 | 154 |
| $738,000 | 1,415 | 0 - 4,500 sqft | 2 | 2 | 17 | 14 | 5 | 84 |
| $390,000 | 1,120 | 0 - 4,500 sqft | 2 | 2 | 50 | 20 | 2 | 77 |
| $289,000 | 904 | 0 - 4,500 sqft | 2 | 1 | 50 | 18 | 1 | 91 |