BUDWIG TEAM REPORTS

Scottsdale, AZ 85251

Condos/Townhomes

Your Arizona Real Estate Team



Scottsdale, AZ 85251

Thu Feb 29 2024
This week the median list price for Scottsdale, AZ 85251 is $499,499 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has increased to 240. 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 conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Scottsdale, AZ 85251

Thu Feb 29 2024
This week the median list price for Scottsdale, AZ 85251 is $499,499 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has increased to 240. 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 conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $499,499
Median Price of New Listings $501,250
Per Square Foot $407
Average Days on Market 85
Median Days on Market 42
Price Decreased 42%
Price Increased 3%
Relisted 6%
Inventory 240
Median Rent
Market Action 33
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$1,537,000 2,034 0 - 4,500 sqft 2 2 15 7 6 70
$649,975 1,548 0 - 4,500 sqft 2 2 17 10 1 35
$419,250 1,114 0 - 4,500 sqft 2 2 50 9 6 38
$297,000 858 0 - 4,500 sqft 1 1 52 8 8 56