Is Central Scottsdale, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Central Scottsdale has remained a Seller's Market.
Housing Prices in Central Scottsdale, AZ
How much do homes in Central Scottsdale, AZ cost?
Median Sold Price
$825,904
$401/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Central Scottsdale was $825,904 in March 2024, up 3.4% from last year, and the median price per square foot was $401.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $288.2K | $290K | +0.6% |
2 Bedrooms | $481K | $473.7K | -1.5% |
3 Bedrooms | $778.1K | $799.9K | +2.8% |
4 Bedrooms | $1.2M | $1.2M | +1.2% |
5+ Bedrooms | $1.8M | $1.9M | +6.9% |
Summary: Central Scottsdale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 6.9%.
Housing Supply in Central Scottsdale, AZ
How many homes are available in Central Scottsdale, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
700 | 725 | +3.6% |
Summary: The Central Scottsdale real estate market had 725 homes for sale in March 2024, a 3.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 22 | +10.0% |
2 Bedrooms | 199 | 207 | +4.0% |
3 Bedrooms | 236 | 245 | +3.8% |
4 Bedrooms | 151 | 154 | +2.0% |
5+ Bedrooms | 94 | 97 | +3.2% |
Summary: The Central Scottsdale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
152 | 154 | +1.3% |
Asking Price vs. Sold Price
107 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 154 homes were sold or pending in Central Scottsdale in March 2024, up by 1.3% month-over-month. Of the 154 sold homes, 69% were sold under asking, 18% were sold at asking, and 13% were sold over asking.
Days on Market for Central Scottsdale, AZ
How long does it take to sell a home in Central Scottsdale, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 56 Days | -15.3% |
Summary: Homes in Central Scottsdale had an average of 56 days on market in Mar 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
62 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Summary: During March 2024, 154 homes were sold in Central Scottsdale; 39% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.