Old Republic Title Market Report

Scottsdale, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Scottsdale, AZ

Sat Jul 31 2021
This week the median list price for Scottsdale, AZ is $1,300,000 with the market action index hovering around 63. This is about the same as last month's market action index of 63. Inventory has held steady at or around 510. 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

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.

Scottsdale, AZ

Sat Jul 31 2021
This week the median list price for Scottsdale, AZ is $1,300,000 with the market action index hovering around 63. This is about the same as last month's market action index of 63. Inventory has held steady at or around 510. 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

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.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $1,300,000
Median Price of New Listings $887,450
Per Square Foot $412
Average Days on Market 69
Median Days on Market 28
Price Decreased 28%
Price Increased 6%
Relisted 4%
Inventory 510
Median Rent $4,995
Market Action 63
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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
$3,999,900 6,210 1 - 2.5 acres 5 5 14 7 6 98
$1,899,000 4,108 0.5 - 1 acre 4 4 22 21 29 35
$979,750 2,862 0.25 - 0.5 acre 4 3 27 34 45 14
$669,500 1,927 6,500 - 8,000 sqft 3 2 33 46 52 14