BUDWIG TEAM REPORTS

Scottsdale, AZ 85251

Condos/Townhomes

Your Arizona Real Estate Team


Scottsdale, AZ 85251

Thu May 02 2024
This week the median list price for Scottsdale, AZ 85251 is $542,500 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has held steady at or around 238. 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

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Scottsdale, AZ 85251

Thu May 02 2024
This week the median list price for Scottsdale, AZ 85251 is $542,500 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has held steady at or around 238. 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

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $542,500
Median Price of New Listings $435,000
Per Square Foot $441
Average Days on Market 80
Median Days on Market 56
Price Decreased 52%
Price Increased 3%
Relisted 3%
Inventory 238
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
$2,100,000 2,294 0 - 4,500 sqft 2 3 15 3 2 63
$770,000 1,336 0 - 4,500 sqft 2 2 16 3 3 63
$432,500 1,200 0 - 4,500 sqft 2 2 53 5 9 42
$320,000 875 0 - 4,500 sqft 1 1 50 6 13 45