BUDWIG TEAM REPORTS

Scottsdale, AZ 85258

Single-Family Homes

Your Arizona Real Estate Team



Scottsdale, AZ 85258

Sun Oct 06 2024
This week the median list price for Scottsdale, AZ 85258 is $1,189,958 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has increased to 87. 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

Market Narrative

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 85258

Sun Oct 06 2024
This week the median list price for Scottsdale, AZ 85258 is $1,189,958 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has increased to 87. 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

Market Narrative

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 $1,189,958
Median Price of New Listings $920,000
Per Square Foot $507
Average Days on Market 68
Median Days on Market 49
Price Decreased 45%
Price Increased 1%
Relisted 6%
Inventory 87
Median Rent
Market Action 38
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,825,000 2,992 8,000 - 10,000 sqft 4 3 35 3 2 42
$1,295,000 2,349 8,000 - 10,000 sqft 3 3 42 4 2 52
$949,500 2,059 6,500 - 8,000 sqft 3 2 41 2 2 77
$699,000 1,855 0 - 4,500 sqft 2 2 37 7 1 14