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Scottsdale, AZ 85260

Single-Family Homes

Here is your weekly Market Update!


Scottsdale, AZ 85260

Mon Oct 07 2024
This week the median list price for Scottsdale, AZ 85260 is $1,099,900 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has decreased to 77. 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

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.

Scottsdale, AZ 85260

Mon Oct 07 2024
This week the median list price for Scottsdale, AZ 85260 is $1,099,900 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has decreased to 77. 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

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.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $1,099,900
Median Price of New Listings $784,990
Per Square Foot $458
Average Days on Market 78
Median Days on Market 56
Price Decreased 57%
Price Increased 1%
Relisted 4%
Inventory 77
Median Rent
Market Action 39
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,489,000 4,014 0.5 - 1 acre 4 4 29 0 5 91
$1,470,000 3,097 0.25 - 0.5 acre 4 3 39 1 1 84
$917,000 2,311 6,500 - 8,000 sqft 4 3 36 2 2 49
$667,500 1,611 4,500 - 6,500 sqft 3 2 35 2 1 42