BUDWIG TEAM REPORTS

Scottsdale, AZ 85251

Single-Family Homes

Your Arizona Real Estate Team


Scottsdale, AZ 85251

Sun May 11 2025
This week the median list price for Scottsdale, AZ 85251 is $925,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 142. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Scottsdale, AZ 85251

Sun May 11 2025
This week the median list price for Scottsdale, AZ 85251 is $925,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 142. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $925,000
Median Price of New Listings $649,900
Per Square Foot $488
Average Days on Market 85
Median Days on Market 42
Price Decreased 49%
Price Increased 1%
Relisted 3%
Inventory 142
Median Rent
Market Action 33
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently 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
$2,500,000 3,420 0.25 - 0.5 acre 4 4 18 1 0 49
$1,149,000 2,150 6,500 - 8,000 sqft 4 3 59 2 3 70
$807,495 1,714 6,500 - 8,000 sqft 3 2 65 6 5 49
$344,950 1,170 4,500 - 6,500 sqft 2 2 51 10 4 28