Navi Title Agency

Scottsdale, AZ 85262

Single-Family Homes

Here is your weekly Market Update!


Scottsdale, AZ 85262

Thu Sep 21 2023
This week the median list price for Scottsdale, AZ 85262 is $1,888,888 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has increased to 135. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Scottsdale, AZ 85262

Thu Sep 21 2023
This week the median list price for Scottsdale, AZ 85262 is $1,888,888 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has increased to 135. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $1,888,888
Median Price of New Listings $1,695,000
Per Square Foot $488
Average Days on Market 143
Median Days on Market 105
Price Decreased 43%
Price Increased 1%
Relisted 5%
Inventory 135
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
$4,900,000 6,327 1 - 2.5 acres 5 6 16 2 2 182
$2,725,000 4,198 0.5 - 1 acre 4 4 19 5 4 73
$1,424,500 3,563 1 - 2.5 acres 4 4 17 3 2 101
$827,250 2,727 1 - 2.5 acres 4 3 4 5 4 80