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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scottsdale Waterfront is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Scottsdale Waterfront, AZ

How much do homes in Scottsdale Waterfront, AZ cost?

Median Sold Price

$2,537,500

$1,056/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

+$1,402,500(+123.6%)

Key Takeaway

Homes in Scottsdale Waterfront have sold for 123.6% more than they did a month ago.

Summary: The median home sold price in Scottsdale Waterfront was $2,537,500 in August 2024, up 123.6% from last month, and the median price per square foot was $1,056.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 $875K-
N/A
2 $1.7M-
N/A
3 -$2.5M
N/A
4 --
N/A
5+ --
N/A

Summary: Scottsdale Waterfront housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Scottsdale Waterfront, AZ

How many homes are available in Scottsdale Waterfront, AZ?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1411-21.4%

Summary: The Scottsdale Waterfront real estate market had 11 homes for sale in August 2024, a 21.4% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 43
-25.0%
2 75
-28.6%
3 33
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Scottsdale Waterfront housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scottsdale Waterfront, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Scottsdale Waterfront in August 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Scottsdale Waterfront, AZ

How long does it take to sell a home in Scottsdale Waterfront, AZ?

Average Sale Time

Jul 2024Aug 2024CHANGE
92 Days95 Days+3.3%

Summary: Homes in Scottsdale Waterfront had an average of 95 days on market in Aug 2024, up by 3.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Scottsdale Waterfront are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 2 homes were sold in Scottsdale Waterfront; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

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