Is Southern Scottsdale, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Southern Scottsdale has remained a Seller's Market.
Housing Prices in Southern Scottsdale, AZ
How much do homes in Southern Scottsdale, AZ cost?
Median Sold Price
$550,000
$367/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Southern Scottsdale was $550,000 in March 2024, down 3% from last year, and the median price per square foot was $367.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $273K | -4.2% |
2 Bedrooms | $415.8K | $400K | -3.8% |
3 Bedrooms | $656K | $617.1K | -5.9% |
4 Bedrooms | $825K | $765.5K | -7.2% |
5+ Bedrooms | $950K | $1.6M | +74.7% |
Summary: Southern Scottsdale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 74.7%.
Median Sold Price Compared To Nearby Neighborhoods
Southern Scottsdale | $566.9K | $550K | -3.0% |
Downtown Scottsdale | $772.5K | $730K | -5.5% |
Housing Supply in Southern Scottsdale, AZ
How many homes are available in Southern Scottsdale, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
735 | 795 | +8.2% |
Summary: The Southern Scottsdale real estate market had 795 homes for sale in March 2024, a 8.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 79 | 89 | +12.7% |
2 Bedrooms | 296 | 331 | +11.8% |
3 Bedrooms | 217 | 221 | +1.8% |
4 Bedrooms | 113 | 121 | +7.1% |
5+ Bedrooms | 30 | 33 | +10.0% |
Summary: The Southern Scottsdale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
129 | 134 | +3.9% |
Asking Price vs. Sold Price
94 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 134 homes were sold or pending in Southern Scottsdale in March 2024, up by 3.9% month-over-month. Of the 134 sold homes, 70% were sold under asking, 19% were sold at asking, and 11% were sold over asking.
Days on Market for Southern Scottsdale, AZ
How long does it take to sell a home in Southern Scottsdale, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 71 Days | +10.0% |
Summary: Homes in Southern Scottsdale had an average of 71 days on market in Mar 2024, up by 10% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
54 Homes Were Sold
In 30 - 90 Days
38 Homes Were Sold
Over 90 Days
Summary: During March 2024, 134 homes were sold in Southern Scottsdale; 31% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.