BUDWIG TEAM REPORTS

Scottsdale, AZ 85258

Single-Family Homes

Your Arizona Real Estate Team



Scottsdale, AZ 85258

Wed Feb 21 2024
This week the median list price for Scottsdale, AZ 85258 is $1,237,500 with the market action index hovering around 40. This is an increase over last month's market action index of 38. Inventory has increased to 76. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Scottsdale, AZ 85258

Wed Feb 21 2024
This week the median list price for Scottsdale, AZ 85258 is $1,237,500 with the market action index hovering around 40. This is an increase over last month's market action index of 38. Inventory has increased to 76. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $1,237,500
Median Price of New Listings $1,200,000
Per Square Foot $491
Average Days on Market 74
Median Days on Market 35
Price Decreased 46%
Price Increased 0%
Relisted 3%
Inventory 76
Median Rent
Market Action 40
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. 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
$2,060,000 3,185 0.25 - 0.5 acre 3 3 37 3 2 42
$1,498,990 2,621 8,000 - 10,000 sqft 4 3 41 2 2 70
$1,050,000 2,172 6,500 - 8,000 sqft 3 2 40 2 2 21
$775,000 1,890 0 - 4,500 sqft 3 2 39 4 6 21