BUDWIG TEAM REPORTS

Scottsdale, AZ 85251

Single-Family Homes

Your Arizona Real Estate Team


Scottsdale, AZ 85251

Mon Jun 16 2025
This week the median list price for Scottsdale, AZ 85251 is $849,000 with the market action index hovering around 35. This is an increase over last month's market action index of 33. Inventory has held steady at or around 154. 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 Narrative

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Scottsdale, AZ 85251

Mon Jun 16 2025
This week the median list price for Scottsdale, AZ 85251 is $849,000 with the market action index hovering around 35. This is an increase over last month's market action index of 33. Inventory has held steady at or around 154. 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 Narrative

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $849,000
Median Price of New Listings $824,500
Per Square Foot $472
Average Days on Market 72
Median Days on Market 49
Price Decreased 49%
Price Increased 0%
Relisted 5%
Inventory 154
Median Rent
Market Action 35
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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 2,687 0.25 - 0.5 acre 4 3.5 55 3 1 77
$950,000 1,993 6,500 - 8,000 sqft 4 2 64 5 0 59
$699,900 1,503 6,500 - 8,000 sqft 3 2 62 1 3 35
$319,000 970 0 - 4,500 sqft 2 2 49 7 3 28