BUDWIG TEAM REPORTS

Scottsdale, AZ 85251

Single-Family Homes

Your Arizona Real Estate Team


Scottsdale, AZ 85251

Sat Dec 21 2024
This week the median list price for Scottsdale, AZ 85251 is $1,024,750 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has decreased to 88. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Scottsdale, AZ 85251

Sat Dec 21 2024
This week the median list price for Scottsdale, AZ 85251 is $1,024,750 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has decreased to 88. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $1,024,750
Median Price of New Listings $1,240,000
Per Square Foot $515
Average Days on Market 84
Median Days on Market 63
Price Decreased 56%
Price Increased 1%
Relisted 3%
Inventory 88
Median Rent
Market Action 33
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$3,485,000 3,843 0.25 - 0.5 acre 4 5 2 2 3 52
$1,290,000 2,476 6,500 - 8,000 sqft 4 3 62 2 8 49
$832,500 1,818 6,500 - 8,000 sqft 3 2 61 2 7 73
$534,000 1,578 6,500 - 8,000 sqft 2 2 59 0 3 80