First American Title Market Report
Scottsdale, AZ 85255
Single-Family Homes
Scottsdale, AZ 85255
Fri Mar 24 2023
This week the median list price for Scottsdale, AZ 85255 is $2,212,500 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has decreased to 190.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Real-Time Market Profile
| Median List Price | $2,212,500 | |
| Median Price of New Listings | $1,475,000 | |
| Per Square Foot | $547 | |
| Average Days on Market | 107 | |
| Median Days on Market | 56 | |
| Price Decreased | 43% | |
| Price Increased | 2% | |
| Relisted | 6% | |
| Inventory | 190 | |
| Median Rent | ||
| Market Action | 34 | |
| Slight Seller's Advantage | ||
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
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 |
|---|---|---|---|---|---|---|---|---|
| $5,400,000 | 6,942 | 1 - 2.5 acres | 5 | 6 | 16 | 0 | 5 | 147 |
| $2,795,000 | 4,386 | 1 - 2.5 acres | 4 | 4.5 | 20 | 3 | 4 | 49 |
| $1,749,500 | 3,598 | 0.25 - 0.5 acre | 4 | 3.5 | 25 | 6 | 5 | 31 |
| $992,000 | 2,581 | 6,500 - 8,000 sqft | 4 | 2.5 | 26 | 6 | 2 | 56 |