Lawyers Title Market Report

Scottsdale, AZ

Single-Family Homes

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Scottsdale, AZ

Fri Apr 19 2019
This week the median list price for Scottsdale, AZ is $849,900 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has held steady at or around 2425. Click here to stay informed with the Scottsdale market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Scottsdale, AZ

Fri Apr 19 2019
This week the median list price for Scottsdale, AZ is $849,900 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has held steady at or around 2425. Click here to stay informed with the Scottsdale market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $849,900
Per Square Foot $267
Days on Market 128
Price Decreased 49%
Price Increased 3%
Relisted 6%
Inventory 2425
Median House Rent $3,500
Most Expensive $26,000,000
Least Expensive $190,000
Market Action Index
Slight Buyer's Advantage
29

The market appears to be hovering around this plateau. Look for a persistent change 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
$2,300,000 5,736 1 - 2.5 acres 4 5 13 23 14 200
$1,085,000 4,011 0.5 - 1 acre 4 3 20 51 47 146
$695,000 2,884 0.25 - 0.5 acre 4 3 23 62 47 98
$460,000 1,970 6,500 - 8,000 sqft 3 2 35 71 66 68