Lawyers Title Market Report

Scottsdale, AZ 85255

Single-Family Homes

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Scottsdale, AZ 85255

Sat Jun 12 2021
This week the median list price for Scottsdale, AZ 85255 is $2,127,500 with the market action index hovering around 65. This is about the same as last month's market action index of 65. Inventory has increased to 116. 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 have been falling a bit recently. 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 85255

Sat Jun 12 2021
This week the median list price for Scottsdale, AZ 85255 is $2,127,500 with the market action index hovering around 65. This is about the same as last month's market action index of 65. Inventory has increased to 116. 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 have been falling a bit recently. 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 $2,127,500
Median Price of New Listings $1,375,000
Per Square Foot $462
Average Days on Market 83
Median Days on Market 21
Price Decreased 18%
Price Increased 6%
Relisted 6%
Inventory 116
Median Rent $6,400
Market Action 65
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. 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
$6,485,000 9,845 2.5 - 5 acres 5 7 14 2 2 91
$2,795,000 5,409 1 - 2.5 acres 4 4 17 5 1 49
$1,700,000 4,193 0.5 - 1 acre 4 3 22 10 8 14
$850,000 2,468 6,500 - 8,000 sqft 3 2 25 16 16 7