Is Northern 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, Northern Scottsdale was a Seller's Market.
Housing Prices in Northern Scottsdale, AZ
How much do homes in Northern Scottsdale, AZ cost?
Median Sold Price
$1,328,232
$459/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Northern Scottsdale was $1,328,232 in March 2024, up 6.3% from last year, and the median price per square foot was $459.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $327.5K | $334K | +2.0% |
2 Bedrooms | $720K | $697K | -3.2% |
3 Bedrooms | $1.0M | $1.1M | +13.1% |
4 Bedrooms | $1.6M | $1.7M | +6.5% |
5+ Bedrooms | $2.5M | $2.5M | 0.0% |
Summary: Northern Scottsdale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes did not change.
Housing Supply in Northern Scottsdale, AZ
How many homes are available in Northern Scottsdale, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,128 | 1,171 | +3.8% |
Summary: The Northern Scottsdale real estate market had 1,171 homes for sale in March 2024, a 3.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 10 | -16.7% |
2 Bedrooms | 128 | 130 | +1.6% |
3 Bedrooms | 365 | 370 | +1.4% |
4 Bedrooms | 407 | 425 | +4.4% |
5+ Bedrooms | 216 | 236 | +9.3% |
Summary: The Northern Scottsdale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 9.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
160 | 171 | +6.9% |
Asking Price vs. Sold Price
118 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 171 homes were sold or pending in Northern Scottsdale in March 2024, up by 6.9% month-over-month. Of the 171 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% were sold over asking.
Days on Market for Northern Scottsdale, AZ
How long does it take to sell a home in Northern Scottsdale, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
85 Days | 80 Days | -5.6% |
Summary: Homes in Northern Scottsdale had an average of 80 days on market in Mar 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
70 Homes Were Sold
In 30 - 90 Days
60 Homes Were Sold
Over 90 Days
Summary: During March 2024, 171 homes were sold in Northern Scottsdale; 24% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.