Lawyers Title Market Report

Scottsdale, AZ 85254

Single-Family Homes

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Scottsdale, AZ 85254

Mon Jun 21 2021
This week the median list price for Scottsdale, AZ 85254 is $935,000 with the market action index hovering around 89. This is an increase over last month's market action index of 87. Inventory has increased 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

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.

Scottsdale, AZ 85254

Mon Jun 21 2021
This week the median list price for Scottsdale, AZ 85254 is $935,000 with the market action index hovering around 89. This is an increase over last month's market action index of 87. Inventory has increased 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

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.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $935,000
Median Price of New Listings $915,000
Per Square Foot $372
Average Days on Market 20
Median Days on Market 14
Price Decreased 33%
Price Increased 2%
Relisted 7%
Inventory 43
Median Rent $5,000
Market Action 89
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$2,394,500 5,766 0.5 - 1 acre 4 4 36 3 2 28
$1,045,000 3,187 0.25 - 0.5 acre 4 3 34 7 3 7
$895,000 2,220 0.25 - 0.5 acre 4 2 42 5 7 7
$590,000 1,939 0.25 - 0.5 acre 3 2 43 7 5 7