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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scottsdale is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, Scottsdale has remained a Seller's Market.

Key Takeaway

Scottsdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Scottsdale, AZ cost?

Median Sold Price

$675,637

$335/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$115,273(+20.6%)

Key Takeaway

Homes in Scottsdale have sold for 20.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $189.9K$234.6K
+23.5%
2 $325.2K$399.6K
+22.9%
3 $549.8K$675.1K
+22.8%
4 $850.1K$1.0M
+21.5%
5+ $1.2M$1.6M
+28.7%

Median Sold Price Compared To Nearby Cities

Cave Creek
+34.9%
Paradise Valley
+30.3%
Carefree
+26.0%
Scottsdale
+20.6%
Fountain Hills
+18.7%

How many homes are available in Scottsdale, AZ?

Number of Homes For Sale

Nov 2021Dec 2021%
1,9841,688-14.9%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 9072
-20.0%
2 519436
-16.0%
3 661548
-17.1%
4 471420
-10.8%
5+ 243212
-12.8%

Number of Homes Sold

Nov 2021Dec 2021%
652660+1.2%

Asking Price vs. Sold Price

263 Homes Were Sold
Under Asking

163 Homes Were Sold
At Asking

234 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. 39.8% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
61 Days40 Days-34.1%

Breakdown of Home Sale Times

348 Homes Were Sold
Under 30 Days

254 Homes Were Sold
In 30 - 90 Days

58 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.

About Scottsdale, AZ

Scottsdale, AZ has 1,688 homes on the market. The number of listings in Scottsdale, AZ decreased by 14.9% between November 2021 and December 2021. The median list price of listings available in December 2021 was $675,637, while the average time on the real estate market was 40 days. Real estate listing prices changed between November 2021 and December 2021: prices of 1 bedroom properties increased by 23.5%, the cost of 2 bedrooms properties went up by 22.9%, the cost of 3 bedrooms properties went up by 22.8%, prices of 4 bedrooms properties increased by 21.5%, the cost of 5 bedrooms properties went up by 28.7%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went down by 20%, 2 bedrooms homes inventory decreased by 16%, the quantity of 3 bedrooms homes went down by 17.1%, the quantity of 4 bedrooms homes went down by 10.8%, 5 bedrooms homes became 12.8% less available. In December 2021 more than 234 listings in Scottsdale, AZ were sold above the asking price. During the same period more than 163 listings were sold at asking price, while more than 263 were sold below.

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