Scottsdale, AZ

This week the median list price for Scottsdale, AZ is $769,000 with the market action index hovering around 33. This is about the same as last month’s market action index of 33. Inventory has held steady at or around 1980. Click here to stay informed with the Scottsdale market!

Market Action Index
The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

100
0
33

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
$769,000
Per Square Foot
$245
Days on Market
162
Price Decreased
39%
Price Increased
4%
Relisted
7%
Inventory
1980
Most Expensive $17,995,000
Least Expensive $119,900
Market Action Index
Slight Seller’s Advantage
33

Median List Price
Market Segments
Click and drag in the plot area to zoom in.

Avg 7-Day
Avg 90-Day
Sep 2014
Dec 2014
Feb 2015
Apr 2015
Jul 2015
Sep 2015
Nov 2015
Jan 2016
Apr 2016
Jun 2016
Aug 2016
Nov 2016
Jan 2017
Mar 2017
Jun 2017
Aug 2017
$500K
$550K
$600K
$650K
$700K
$750K
$800K
$850K
$900K
Friday, Feb 5, 2016●
Avg 90-Day: $793,680

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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
$1,995,000 5,373 0.5 – 1 acre 4 4 12 20 12 277
$955,000 3,845 0.5 – 1 acre 4 3 19 36 24 178
$637,999 2,818 0.25 – 0.5 acre 4 3 21 53 48 114
$424,500 2,014 8,000 – 10,000 sqft 3 2 32 55 60 76