Old Republic Title's Market Report

Scottsdale, AZ

Single-Family Homes



Scottsdale, AZ

Wed Feb 28 2024
This week the median list price for Scottsdale, AZ is $1,549,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has increased to 1,222. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Scottsdale, AZ

Wed Feb 28 2024
This week the median list price for Scottsdale, AZ is $1,549,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has increased to 1,222. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $1,549,000
Median Price of New Listings $1,199,000
Per Square Foot $500
Average Days on Market 98
Median Days on Market 56
Price Decreased 45%
Price Increased 3%
Relisted 7%
Inventory 1,222
Median Rent
Market Action 35
Slight Seller's Advantage

This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.

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
$3,999,000 5,593 1 - 2.5 acres 4 5 17 20 13 70
$1,995,000 3,689 0.5 - 1 acre 4 4 25 28 23 56
$1,200,000 2,726 8,000 - 10,000 sqft 4 3 30 38 33 66
$775,000 1,903 6,500 - 8,000 sqft 3 2 41 52 39 42