First Arizona Title's Market Report

Scottsdale, AZ

Single-Family Homes

First Arizona Title Agency | (480) 385-6500 | www.FirstAZTitle.com



Scottsdale, AZ

Sun Apr 18 2021
This week the median list price for Scottsdale, AZ is $1,795,000 with the market action index hovering around 63. This is an increase over last month's market action index of 59. Inventory has held steady at or around 444. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Scottsdale, AZ

Sun Apr 18 2021
This week the median list price for Scottsdale, AZ is $1,795,000 with the market action index hovering around 63. This is an increase over last month's market action index of 59. Inventory has held steady at or around 444. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $1,795,000
Per Square Foot $412
Days on Market 28
Price Decreased 16%
Price Increased 10%
Relisted 5%
Inventory 444
Median Rent $5,000
Most Expensive $19,500,000
Least Expensive $395,000
Market Action 63
Strong Seller's Market

While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be 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
$4,495,000 7,132 1 - 2.5 acres 5 5 14 4 3 91
$2,295,000 4,828 1 - 2.5 acres 4 4 15 15 7 56
$1,255,000 3,437 0.5 - 1 acre 4 3 22 39 35 14
$705,000 2,224 6,500 - 8,000 sqft 3 2 29 51 52 7