Scottsdale, AZ
Mon Sep 11 2017
This week the median list price for Scottsdale, AZ is $775,000 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 1915. 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.

0
33
Slight Seller’s Advantage

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
$775,000
Per Square Foot
$244
Days on Market
163
Price Decreased
40%
Price Increased
3%
Relisted
7%
Inventory
1915
Most Expensive $17,995,000
Least Expensive $249,500
Market Action Index
Slight Seller’s Advantage
33

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
$2,097,500 5,404 0.5 – 1 acre 4 4 13 20 14 275
$975,000 3,866 0.5 – 1 acre 4 3 18 38 48 183
$638,000 2,856 0.25 – 0.5 acre 4 3 21 62 47 114
$419,900 2,006 8,000 – 10,000 sqft 3 2 33 76 67 80