Is Scottsdale, AZ a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Scottsdale is a neutral's market


Difference Since February 2023

At the same time last year, Scottsdale was a Seller's Market.

Key Takeaway

Scottsdale is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Scottsdale, AZ

How much do homes in Scottsdale, AZ cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2023


Key Takeaway

Homes in Scottsdale have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in Scottsdale was $804,121 in February 2024, down 2.3% from last year, and the median price per square foot was $397.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $299.5K$290K
2 $477K$470.2K
3 $787.9K$769.4K
4 $1.1M$1.1M
5+ $1.8M$1.9M

Summary: Scottsdale housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Cities

Fountain Hills
Paradise Valley

Housing Supply in Scottsdale, AZ

How many homes are available in Scottsdale, AZ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

Summary: The Scottsdale real estate market had 2,987 homes for sale in February 2024, a 9.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 114127
2 605672
3 870943
4 752820
5+ 387425

Summary: The Scottsdale housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 9.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE

Asking Price vs. Sold Price

326 Homes Were Sold
Under Asking

101 Homes Were Sold
At Asking

42 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scottsdale, you may be able to get a good deal. 69.5% of homes here sold below asking price last month.

Summary: A total of 469 homes were sold or pending in Scottsdale in February 2024, up by 22.5% month-over-month. Of the 469 sold homes, 70% were sold under asking, 22% were sold at asking, and 9% were sold over asking.

Days on Market for Scottsdale, AZ

How long does it take to sell a home in Scottsdale, AZ?

Average Sale Time

Feb 2023Feb 2024CHANGE
78 Days68 Days-12.7%

Summary: Homes in Scottsdale had an average of 68 days on market in Feb 2024, down by 12.7% compared to last year.

Breakdown of Home Sale Times

178 Homes Were Sold
Under 30 Days

169 Homes Were Sold
In 30 - 90 Days

122 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Scottsdale are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 469 homes were sold in Scottsdale; 38% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Scottsdale, AZ

Nearby Markets to Scottsdale, AZ

What housing markets are near Scottsdale, AZ?