Is Scottsdale Shadows, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Scottsdale Shadows has remained a Seller's Market.
Housing Prices in Scottsdale Shadows, AZ
How much do homes in Scottsdale Shadows, AZ cost?
Median Sold Price
$310,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Scottsdale Shadows was $310,000 in April 2024, down 6.1% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $258K | +3.2% |
2 Bedrooms | $337.5K | $310K | -8.1% |
3 Bedrooms | $523K | $592.5K | +13.3% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Scottsdale Shadows housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Villa Monterey | $435K | $467.5K | +7.5% |
Indian Bend | $565K | $583.6K | +3.3% |
La Villita | $665K | $685K | +3.0% |
Southern Scottsdale | $550.8K | $554.7K | +0.7% |
Scottsdale Shadows | $330K | $310K | -6.1% |
Housing Supply in Scottsdale Shadows, AZ
How many homes are available in Scottsdale Shadows, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 25 | +8.7% |
Summary: The Scottsdale Shadows real estate market had 25 homes for sale in April 2024, a 8.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 20 | 21 | +5.0% |
3 Bedrooms | 1 | 2 | +100.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Scottsdale Shadows housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Scottsdale Shadows in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Scottsdale Shadows, AZ
How long does it take to sell a home in Scottsdale Shadows, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 53 Days | -16.7% |
Summary: Homes in Scottsdale Shadows had an average of 53 days on market in Apr 2024, down by 16.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Scottsdale Shadows; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.