Lawyers Title Market Report

Scottsdale, AZ 85259

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Scottsdale, AZ 85259

Mon Jun 21 2021
This week the median list price for Scottsdale, AZ 85259 is $1,496,900 with the market action index hovering around 71. This is an increase over last month's market action index of 69. Inventory has increased to 42. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Scottsdale, AZ 85259

Mon Jun 21 2021
This week the median list price for Scottsdale, AZ 85259 is $1,496,900 with the market action index hovering around 71. This is an increase over last month's market action index of 69. Inventory has increased to 42. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $1,496,900
Median Price of New Listings $894,950
Per Square Foot $373
Average Days on Market 55
Median Days on Market 14
Price Decreased 29%
Price Increased 10%
Relisted 7%
Inventory 42
Median Rent $4,500
Market Action 71
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. 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
$3,325,000 6,691 1 - 2.5 acres 5 5 20 1 0 84
$1,795,000 4,256 0.5 - 1 acre 4 4 29 2 1 35
$985,000 3,028 0.25 - 0.5 acre 4 3 26 7 4 0
$669,900 2,027 6,500 - 8,000 sqft 3 2 27 4 3 7