Lawyers Title Market Report

Scottsdale, AZ

Single-Family Homes

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Scottsdale, AZ

Fri Sep 20 2019
This week the median list price for Scottsdale, AZ is $899,450 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 1520. 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

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

Fri Sep 20 2019
This week the median list price for Scottsdale, AZ is $899,450 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 1520. 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

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 $899,450
Per Square Foot $270
Days on Market 147
Price Decreased 39%
Price Increased 3%
Relisted 7%
Inventory 1520
Median House Rent $4,200
Most Expensive $32,000,000
Least Expensive $199,000
Market Action Index
Slight Seller's Advantage
35

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
$2,495,000 5,778 1 - 2.5 acres 4 5 13 20 12 251
$1,199,500 4,077 0.5 - 1 acre 4 4 20 35 22 163
$741,830 3,060 0.25 - 0.5 acre 4 3 23 39 40 101
$499,000 2,091 8,000 - 10,000 sqft 3 2 34 37 50 75