First Arizona Title's Market Report

Scottsdale, AZ

Single-Family Homes

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



Scottsdale, AZ

Fri May 27 2022
This week the median list price for Scottsdale, AZ is $1,495,000 with the market action index hovering around 80. This is less than last month's market action index of 83. Inventory has increased to 464. 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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Scottsdale, AZ

Fri May 27 2022
This week the median list price for Scottsdale, AZ is $1,495,000 with the market action index hovering around 80. This is less than last month's market action index of 83. Inventory has increased to 464. 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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $1,495,000
Median Price of New Listings $1,272,500
Per Square Foot $498
Average Days on Market 39
Median Days on Market 14
Price Decreased 31%
Price Increased 4%
Relisted 4%
Inventory 464
Median Rent
Market Action 80
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

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
$3,824,500 5,582 1 - 2.5 acres 5 5 18 21 11 28
$1,838,950 3,540 0.25 - 0.5 acre 4 3.5 25 36 16 14
$1,200,000 2,687 8,000 - 10,000 sqft 4 2.5 29 50 24 7
$849,000 1,942 6,500 - 8,000 sqft 3 2 38 49 34 7