Lawyers Title Market Report

Scottsdale, AZ

Single-Family Homes

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Scottsdale, AZ

Wed Nov 13 2019
This week the median list price for Scottsdale, AZ is $995,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 1505. 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

The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Scottsdale, AZ

Wed Nov 13 2019
This week the median list price for Scottsdale, AZ is $995,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 1505. 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

The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $995,000
Per Square Foot $286
Days on Market 136
Price Decreased 36%
Price Increased 3%
Relisted 4%
Inventory 1,505
Median House Rent $4,500
Most Expensive $32,000,000
Least Expensive $219,000
Market Action Index
Slight Seller's Advantage
35

Prices hit another all time high this week. Given current conditions, prices continue to march higher. 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
$2,699,000 5,974 1 - 2.5 acres 4 5 13 15 17 222
$1,375,000 4,364 0.5 - 1 acre 4 4 19 34 27 155
$824,999 3,230 0.25 - 0.5 acre 4 3 23 37 27 101
$520,000 2,120 8,000 - 10,000 sqft 3 2 33 59 72 64