Is Scottsdale, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$829,186
$406/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Scottsdale was $829,186 in June 2024, up 3.6% from last year, and the median price per square foot was $406.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $286.5K | $290K | +1.2% |
2 Bedrooms | $469.1K | $476.7K | +1.6% |
3 Bedrooms | $765.9K | $779.6K | +1.8% |
4 Bedrooms | $1.1M | $1.2M | +9.4% |
5+ Bedrooms | $1.7M | $1.9M | +11.2% |
Summary: Scottsdale housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Cities
Fountain Hills | $629.7K | $695.8K | +10.5% |
Paradise Valley | $3.0M | $3.2M | +5.3% |
Scottsdale | $800.1K | $829.1K | +3.6% |
Carefree | $1.1M | $1.0M | -5.4% |
Housing Supply in Scottsdale, AZ
How many homes are available in Scottsdale, AZ?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
2,872 | 2,782 | -3.1% |
Summary: The Scottsdale real estate market had 2,782 homes for sale in June 2024, a 3.1% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 133 | 126 | -5.3% |
2 Bedrooms | 607 | 615 | +1.3% |
3 Bedrooms | 902 | 855 | -5.2% |
4 Bedrooms | 852 | 810 | -4.9% |
5+ Bedrooms | 378 | 376 | -0.5% |
Summary: The Scottsdale housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 0.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
635 | 495 | -22.0% |
Asking Price vs. Sold Price
375 Homes Were Sold
Under Asking
81 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 495 homes were sold or pending in Scottsdale in June 2024, down by 22.0% month-over-month. Of the 495 sold homes, 76% were sold under asking, 16% were sold at asking, and 8% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
66 Days | 78 Days | +17.5% |
Summary: Homes in Scottsdale had an average of 78 days on market in Jun 2024, up by 17.5% compared to last year.
Breakdown of Home Sale Times
132 Homes Were Sold
Under 30 Days
215 Homes Were Sold
In 30 - 90 Days
148 Homes Were Sold
Over 90 Days
Summary: During June 2024, 495 homes were sold in Scottsdale; 27% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.