Is South Scottsdale, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, South Scottsdale has remained a Seller's Market.
Housing Prices in South Scottsdale, AZ
How much do homes in South Scottsdale, AZ cost?
Median Sold Price
$550,000
$358/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Scottsdale was $550,000 in May 2024, up 4% from last year, and the median price per square foot was $358.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $226K | $233K | +3.1% |
2 Bedrooms | $330K | $320K | -3.0% |
3 Bedrooms | $595K | $612K | +2.9% |
4 Bedrooms | $730K | $707K | -3.2% |
5+ Bedrooms | $895K | $1.3M | +54.9% |
Summary: South Scottsdale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 54.9%.
Housing Supply in South Scottsdale, AZ
How many homes are available in South Scottsdale, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
261 | 260 | -0.4% |
Summary: The South Scottsdale real estate market had 260 homes for sale in May 2024, a 0.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 24 | 0.0% |
2 Bedrooms | 68 | 67 | -1.5% |
3 Bedrooms | 96 | 98 | +2.1% |
4 Bedrooms | 63 | 64 | +1.6% |
5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The South Scottsdale housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
63 | 61 | -3.2% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 61 homes were sold or pending in South Scottsdale in May 2024, down by 3.2% month-over-month. Of the 61 sold homes, 64% were sold under asking, 16% were sold at asking, and 20% were sold over asking.
Days on Market for South Scottsdale, AZ
How long does it take to sell a home in South Scottsdale, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
66 Days | 63 Days | -3.9% |
Summary: Homes in South Scottsdale had an average of 63 days on market in May 2024, down by 3.9% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During May 2024, 61 homes were sold in South Scottsdale; 36% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.