Old Republic Title Market Report

Scottsdale, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Scottsdale, AZ

Tue May 18 2021
This week the median list price for Scottsdale, AZ is $1,550,000 with the market action index hovering around 64. This is about the same as last month's market action index of 64. Inventory has increased to 491. 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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Scottsdale, AZ

Tue May 18 2021
This week the median list price for Scottsdale, AZ is $1,550,000 with the market action index hovering around 64. This is about the same as last month's market action index of 64. Inventory has increased to 491. 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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $1,550,000
Median Price of New Listings $930,000
Per Square Foot $405
Average Days on Market 72
Median Days on Market 21
Price Decreased 20%
Price Increased 10%
Relisted 4%
Inventory 491
Median Rent $5,000
Market Action 64
Strong Seller's Market

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$4,387,500 6,603 1 - 2.5 acres 5 5 14 7 7 70
$2,100,000 4,448 0.5 - 1 acre 4 4 19 20 18 42
$1,100,000 3,200 0.25 - 0.5 acre 4 3 24 41 33 14
$650,000 2,004 6,500 - 8,000 sqft 3 2 34 54 48 7