Your Local Market Report

Scottsdale, AZ 85258

Single-Family Homes

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Scottsdale, AZ 85258

Fri Sep 20 2019
This week the median list price for Scottsdale, AZ 85258 is $847,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has held steady at or around 86. 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.

Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Scottsdale, AZ 85258

Fri Sep 20 2019
This week the median list price for Scottsdale, AZ 85258 is $847,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has held steady at or around 86. 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.

Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $847,000
Per Square Foot $279
Days on Market 104
Price Decreased 45%
Price Increased 3%
Relisted 8%
Inventory 86
Median House Rent $4,500
Most Expensive $3,499,000
Least Expensive $400,000
Market Action Index
Slight Seller's Advantage
38

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$1,520,000 4,141 0.25 - 0.5 acre 4 3 29 2 0 142
$889,500 3,002 0.25 - 0.5 acre 4 2 32 1 1 95
$743,450 2,763 0.25 - 0.5 acre 4 2 37 2 2 69
$512,450 2,021 4,500 - 6,500 sqft 3 2 37 2 5 112