Is Scottsdale, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Dec 2020 | Dec 2021 | % |
|---|---|---|---|
| 1 Bedroom | $189.9K | $234.6K | +23.5% |
| 2 Bedrooms | $325.2K | $399.6K | +22.9% |
| 3 Bedrooms | $549.8K | $675.1K | +22.8% |
| 4 Bedrooms | $850.1K | $1.0M | +21.5% |
| 5+ Bedrooms | $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 2021 | Dec 2021 | % |
|---|---|---|
| 1,984 | 1,688 | -14.9% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2021 | Dec 2021 | % |
|---|---|---|---|
| 1 Bedroom | 90 | 72 | -20.0% |
| 2 Bedrooms | 519 | 436 | -16.0% |
| 3 Bedrooms | 661 | 548 | -17.1% |
| 4 Bedrooms | 471 | 420 | -10.8% |
| 5+ Bedrooms | 243 | 212 | -12.8% |
Number of Homes Sold
| Nov 2021 | Dec 2021 | % |
|---|---|---|
| 652 | 660 | +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
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 2020 | Dec 2021 | % |
|---|---|---|
| 61 Days | 40 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
Key Takeaway
Many homes in Scottsdale are selling fast, if you're buying plan to act quickly.
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 this broker. 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© 2022 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.