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Scottsdale, AZ 85250

Single-Family Homes

Here is your weekly Market Update!


Scottsdale, AZ 85250

Thu Sep 21 2023
This week the median list price for Scottsdale, AZ 85250 is $885,000 with the market action index hovering around 53. This is less than last month's market action index of 59. Inventory has held steady at or around 31. 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.

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Scottsdale, AZ 85250

Thu Sep 21 2023
This week the median list price for Scottsdale, AZ 85250 is $885,000 with the market action index hovering around 53. This is less than last month's market action index of 59. Inventory has held steady at or around 31. 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.

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $885,000
Median Price of New Listings $1,249,000
Per Square Foot $465
Average Days on Market 53
Median Days on Market 28
Price Decreased 48%
Price Increased 3%
Relisted 19%
Inventory 31
Median Rent
Market Action 53
Strong Seller's Market

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$1,595,000 2,895 0.25 - 0.5 acre 4 4 45 3 0 84
$996,450 2,125 6,500 - 8,000 sqft 3 2.5 52 0 0 14
$864,250 1,876 6,500 - 8,000 sqft 4 2 60 1 1 35
$727,500 1,541 6,500 - 8,000 sqft 3 2 60 1 1 24