Is South Scottsdale, 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, South Scottsdale has remained a Seller's Market.
Housing Prices in South Scottsdale, AZ
How much do homes in South Scottsdale, AZ cost?
Median Sold Price
$548,079
$356/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Scottsdale was $548,079 in April 2024, up 0.3% from last year, and the median price per square foot was $356.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $231.5K | $232.5K | 0.4% |
2 Bedrooms | $339.5K | $317K | -6.6% |
3 Bedrooms | $630K | $599.4K | -4.8% |
4 Bedrooms | $752K | $708.5K | -5.8% |
5+ Bedrooms | $892.5K | $1.3M | +47.6% |
Summary: South Scottsdale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 47.6%.
Housing Supply in South Scottsdale, AZ
How many homes are available in South Scottsdale, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
255 | 273 | +7.1% |
Summary: The South Scottsdale real estate market had 273 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 25 | 0.0% |
2 Bedrooms | 69 | 70 | +1.4% |
3 Bedrooms | 91 | 97 | +6.6% |
4 Bedrooms | 57 | 68 | +19.3% |
5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The South Scottsdale 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 1.4%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 62 | +21.6% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in South Scottsdale in April 2024, up by 21.6% month-over-month. Of the 62 sold homes, 65% were sold under asking, 23% were sold at asking, and 13% were sold over asking.
Days on Market for South Scottsdale, AZ
How long does it take to sell a home in South Scottsdale, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 82 Days | +49.6% |
Summary: Homes in South Scottsdale had an average of 82 days on market in Apr 2024, up by 49.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During April 2024, 62 homes were sold in South Scottsdale; 39% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.