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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scottsdale is a neutral's market

Buyer's
Market

Difference Since December 2021

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.

How much do homes in Scottsdale, AZ cost?

Median Sold Price

$801,141

$409/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$123,420(+18.2%)

Key Takeaway

Homes in Scottsdale have sold for 18.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $234.6K$292K
+24.5%
2 $399.9K$475K
+18.8%
3 $675K$806.2K
+19.4%
4 $1.0M$1.2M
+20.5%
5+ $1.6M$2.0M
+23.2%

Median Sold Price Compared To Nearby Cities

Carefree
+36.6%
Paradise Valley
+26.3%
Scottsdale
+18.2%
Fountain Hills
+14.5%

How many homes are available in Scottsdale, AZ?

Number of Homes For Sale

Nov 2022Dec 2022%
1,9141,858-2.9%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 8681
-5.8%
2 455450
-1.1%
3 654639
-2.3%
4 474444
-6.3%
5+ 245244
-0.4%

Number of Homes Sold

Nov 2022Dec 2022%
327300-8.3%

Asking Price vs. Sold Price

236 Homes Were Sold
Under Asking

37 Homes Were Sold
At Asking

27 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. 78.7% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
40 Days72 Days+82.1%

Breakdown of Home Sale Times

72 Homes Were Sold
Under 30 Days

136 Homes Were Sold
In 30 - 90 Days

92 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Scottsdale has remained consistent over time.

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

About Scottsdale, AZ

Number of homes for sale in Scottsdale, AZ real estate market have reached 1,858. Between November 2022 and December 2022, Scottsdale, AZ real estate market has seen decrease in the number of listings by 2.9%. In December 2022 median list price was $801,141 and the average listing age was 72 days. This housing market listing prices have changed between November 2022 and December 2022: prices of 1 bedroom properties increased by 24.5%, 2 bedrooms properties prices increased by 18.8%, 3 bedrooms properties became 19.4% more expensive, the cost of 4 bedrooms properties went up by 20.5%, the cost of 5 bedrooms properties went up by 23.2%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory decreased by 5.8%, volume of 2 bedrooms homes went down by 1.1%, the quantity of 3 bedrooms homes went down by 2.3%, the quantity of 4 bedrooms homes went down by 6.3%, volume of 5 bedrooms homes went down by 0.4%. In December 2022 more than 27 listings in Scottsdale, AZ were sold above the asking price. During the same period more than 37 listings were sold at asking price, while more than 236 were sold below.

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