First Arizona Title's Market Report

Scottsdale, AZ

Single-Family Homes

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



Scottsdale, AZ

Sat Nov 27 2021
This week the median list price for Scottsdale, AZ is $1,265,000 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has decreased to 473. 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 achieved a relative stasis point in terms of sales to inventory. 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

Sat Nov 27 2021
This week the median list price for Scottsdale, AZ is $1,265,000 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has decreased to 473. 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 achieved a relative stasis point in terms of sales to inventory. 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 $1,265,000
Median Price of New Listings $895,000
Per Square Foot $420
Average Days on Market 76
Median Days on Market 35
Price Decreased 28%
Price Increased 7%
Relisted 4%
Inventory 473
Median Rent $6,000
Market Action 59
Strong Seller's Market

The market seems to have paused around this plateau. 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
$4,225,000 6,139 1 - 2.5 acres 5 5.5 15 9 11 105
$1,795,000 3,781 0.5 - 1 acre 4 3.5 24 20 20 49
$932,500 2,576 8,000 - 10,000 sqft 4 2.5 25 32 34 21
$650,000 1,812 6,500 - 8,000 sqft 3 2 41 42 37 21