Is Scottsdale, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
Key Takeaway
Homes in Scottsdale have sold for 18.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $234.6K | $292K | +24.5% |
| 2 Bedrooms | $399.9K | $475K | +18.8% |
| 3 Bedrooms | $675K | $806.2K | +19.4% |
| 4 Bedrooms | $1.0M | $1.2M | +20.5% |
| 5+ Bedrooms | $1.6M | $2.0M | +23.2% |
Median Sold Price Compared To Nearby Cities
| Carefree | $950K | $1.2M | +36.6% |
| Paradise Valley | $2.8M | $3.5M | +26.3% |
| Scottsdale | $677.7K | $801.1K | +18.2% |
| Fountain Hills | $561.9K | $643.3K | +14.5% |
How many homes are available in Scottsdale, AZ?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 1,914 | 1,858 | -2.9% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 86 | 81 | -5.8% |
| 2 Bedrooms | 455 | 450 | -1.1% |
| 3 Bedrooms | 654 | 639 | -2.3% |
| 4 Bedrooms | 474 | 444 | -6.3% |
| 5+ Bedrooms | 245 | 244 | -0.4% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 327 | 300 | -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
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 2021 | Dec 2022 | % |
|---|---|---|
| 40 Days | 72 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
Key Takeaway
Avg time on Rocket Homes in Scottsdale has remained consistent over time.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2023 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.