Single-Family Homes
Thu Feb 13 2025
This week the median list price for Scottsdale, AZ 85255 is $2,625,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has increased to 299.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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.
Median List Price | $2,625,000 | |
Median Price of New Listings | $2,495,000 | |
Per Square Foot | $624 | |
Average Days on Market | 123 | |
Median Days on Market | 70 | |
Price Decreased | 41% | |
Price Increased | 4% | |
Relisted | 9% | |
Inventory | 299 | |
Median Rent | ||
Market Action | 32 | |
Slight Seller's Advantage |
The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$6,497,500 | 6,369 | 1 - 2.5 acres | 5 | 6 | 10 | 8 | 2 | 115 |
$3,349,900 | 4,546 | 0.5 - 1 acre | 4 | 5 | 22 | 9 | 2 | 70 |
$1,998,000 | 3,580 | 0.25 - 0.5 acre | 4 | 4 | 26 | 9 | 7 | 49 |
$1,199,000 | 2,364 | 6,500 - 8,000 sqft | 3 | 3 | 27 | 15 | 10 | 63 |