Lawyers Title Market Report

Scottsdale, AZ

Single-Family Homes

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Scottsdale, AZ

Mon Jun 21 2021
This week the median list price for Scottsdale, AZ is $1,499,999 with the market action index hovering around 65. This is about the same as last month's market action index of 65. Inventory has increased to 493. 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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Scottsdale, AZ

Mon Jun 21 2021
This week the median list price for Scottsdale, AZ is $1,499,999 with the market action index hovering around 65. This is about the same as last month's market action index of 65. Inventory has increased to 493. 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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $1,499,999
Median Price of New Listings $996,500
Per Square Foot $403
Average Days on Market 64
Median Days on Market 21
Price Decreased 25%
Price Increased 7%
Relisted 4%
Inventory 493
Median Rent $5,000
Market Action 65
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 levels. 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
$4,000,000 6,286 1 - 2.5 acres 5 5 15 8 12 84
$1,928,800 4,322 0.5 - 1 acre 4 4 20 27 19 28
$1,045,000 3,024 0.25 - 0.5 acre 4 3 25 44 42 14
$646,450 1,923 6,500 - 8,000 sqft 3 2 31 51 51 7