Is Scottsdale, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Scottsdale has remained a Seller's Market.
Housing Prices in Scottsdale, AZ
How much do homes in Scottsdale, AZ cost?
Median Sold Price
$810,444
$400/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Scottsdale was $810,444 in March 2024, down 1.3% from last year, and the median price per square foot was $400.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $296.3K | $290K | -2.1% |
2 Bedrooms | $473.7K | $469.5K | -0.9% |
3 Bedrooms | $788.9K | $769.4K | -2.5% |
4 Bedrooms | $1.1M | $1.1M | +0.8% |
5+ Bedrooms | $1.7M | $1.9M | +6.1% |
Summary: Scottsdale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Cities
Fountain Hills | $630.8K | $691K | +9.5% |
Scottsdale | $821.3K | $810.4K | -1.3% |
Paradise Valley | $3.1M | $3.0M | -3.1% |
Carefree | $1.1M | $1.0M | -9.7% |
Housing Supply in Scottsdale, AZ
How many homes are available in Scottsdale, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2,990 | 3,130 | +4.7% |
Summary: The Scottsdale real estate market had 3,130 homes for sale in March 2024, a 4.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 123 | 135 | +9.8% |
2 Bedrooms | 673 | 722 | +7.3% |
3 Bedrooms | 947 | 967 | +2.1% |
4 Bedrooms | 833 | 863 | +3.6% |
5+ Bedrooms | 414 | 443 | +7.0% |
Summary: The Scottsdale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
515 | 567 | +10.1% |
Asking Price vs. Sold Price
390 Homes Were Sold
Under Asking
114 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Summary: A total of 567 homes were sold or pending in Scottsdale in March 2024, up by 10.1% month-over-month. Of the 567 sold homes, 69% were sold under asking, 20% were sold at asking, and 11% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 66 Days | -7.9% |
Summary: Homes in Scottsdale had an average of 66 days on market in Mar 2024, down by 7.9% compared to last year.
Breakdown of Home Sale Times
191 Homes Were Sold
Under 30 Days
226 Homes Were Sold
In 30 - 90 Days
150 Homes Were Sold
Over 90 Days
Summary: During March 2024, 567 homes were sold in Scottsdale; 34% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.