Is Downtown Scottsdale, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Downtown Scottsdale was a Neutral Market.
Housing Prices in Downtown Scottsdale, AZ
How much do homes in Downtown Scottsdale, AZ cost?
Median Sold Price
$730,000
$484/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Downtown Scottsdale was $730,000 in March 2024, down 5.5% from last year, and the median price per square foot was $484.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $545K | $467.5K | -14.2% |
2 Bedrooms | $759.5K | $772.5K | +1.7% |
3 Bedrooms | $1.4M | $1.2M | -11.6% |
4 Bedrooms | $1.4M | $775K | -44.6% |
5+ Bedrooms | - | $1.2M | N/A |
Summary: Downtown Scottsdale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.2%, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes decreased by 44.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Southern Scottsdale | $566.9K | $550K | -3.0% |
Downtown Scottsdale | $772.5K | $730K | -5.5% |
Housing Supply in Downtown Scottsdale, AZ
How many homes are available in Downtown Scottsdale, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 64 | +12.3% |
Summary: The Downtown Scottsdale real estate market had 64 homes for sale in March 2024, a 12.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 11 | +22.2% |
2 Bedrooms | 38 | 43 | +13.2% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown Scottsdale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 13.2%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Downtown Scottsdale in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Downtown Scottsdale, AZ
How long does it take to sell a home in Downtown Scottsdale, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 102 Days | +112.5% |
Summary: Homes in Downtown Scottsdale had an average of 102 days on market in Mar 2024, up by 112.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Downtown Scottsdale; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.