Fri Jan 21 2022
This week the median list price for Scottsdale, AZ 85254 is $1,150,000 with the market action index hovering around 88. This is an increase over last month's market action index of 85. Inventory has decreased to 21.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,150,000|
|Median Price of New Listings||$820,000|
|Per Square Foot||$372|
|Average Days on Market||49|
|Median Days on Market||28|
|Strong Seller's Market|
We continue to see prices in this zip code bounce around these current levels. Look for a persistent down-shift in the Market Action Index before we see prices dip. A persistent increase in Market Action could indicate prices will test their previous high points.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,870,000||3,850||0.5 - 1 acre||5||3||44||0||2||28|
|$1,350,000||3,300||0.5 - 1 acre||4||3||44||1||4||28|
|$880,000||2,344||0.25 - 0.5 acre||4||2||43||2||6||14|
|$726,249||2,313||0.25 - 0.5 acre||3||2.3||39||2||4||38|