Navi Title Agency

Scottsdale, AZ 85259

Single-Family Homes

Here is your weekly Market Update!


Scottsdale, AZ 85259

Thu Sep 21 2023
This week the median list price for Scottsdale, AZ 85259 is $1,479,999 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has decreased to 43. 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 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. Watch for an up-shift in the MAI before price stability is achieved.

Scottsdale, AZ 85259

Thu Sep 21 2023
This week the median list price for Scottsdale, AZ 85259 is $1,479,999 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has decreased to 43. 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 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. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $1,479,999
Median Price of New Listings $1,450,000
Per Square Foot $435
Average Days on Market 90
Median Days on Market 70
Price Decreased 56%
Price Increased 7%
Relisted 7%
Inventory 43
Median Rent
Market Action 48
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$3,050,000 5,955 0.5 - 1 acre 5 5.5 22 1 2 115
$1,700,000 3,805 0.25 - 0.5 acre 4 4 26 1 2 77
$1,349,000 3,589 0.25 - 0.5 acre 4 4 29 1 1 56
$798,000 2,062 6,500 - 8,000 sqft 3 3 31 2 7 56