Navi Title Agency

Scottsdale, AZ 85260

Single-Family Homes

Here is your weekly Market Update!


Scottsdale, AZ 85260

Fri Dec 01 2023
This week the median list price for Scottsdale, AZ 85260 is $1,045,000 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has increased to 73. 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 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 85260

Fri Dec 01 2023
This week the median list price for Scottsdale, AZ 85260 is $1,045,000 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has increased to 73. 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 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 $1,045,000
Median Price of New Listings $1,274,500
Per Square Foot $439
Average Days on Market 62
Median Days on Market 42
Price Decreased 47%
Price Increased 3%
Relisted 5%
Inventory 73
Median Rent
Market Action 43
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
$3,275,000 5,027 0.5 - 1 acre 5 5.5 28 2 4 52
$1,672,487 3,006 0.25 - 0.5 acre 4 3 34 4 5 24
$920,000 2,372 6,500 - 8,000 sqft 3 2 31 0 1 42
$715,000 1,825 4,500 - 6,500 sqft 3 2 35 4 1 42