Is Southern 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, 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
$554,750
$369/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southern Scottsdale was $554,750 in April 2024, up 0.7% from last year, and the median price per square foot was $369.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $269.7K | -3.7% |
2 Bedrooms | $407.6K | $400.3K | -1.8% |
3 Bedrooms | $643.6K | $625K | -2.9% |
4 Bedrooms | $800K | $780K | -2.5% |
5+ Bedrooms | $950K | $1.4M | +55.3% |
Summary: Southern Scottsdale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 55.3%.
Median Sold Price Compared To Nearby Neighborhoods
Southern Scottsdale | $550.8K | $554.7K | +0.7% |
Downtown Scottsdale | $740K | $711K | -3.9% |
Housing Supply in Southern Scottsdale, AZ
How many homes are available in Southern Scottsdale, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
781 | 825 | +5.6% |
Summary: The Southern Scottsdale real estate market had 825 homes for sale in April 2024, a 5.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 81 | 88 | +8.6% |
2 Bedrooms | 322 | 326 | +1.2% |
3 Bedrooms | 227 | 247 | +8.8% |
4 Bedrooms | 119 | 128 | +7.6% |
5+ Bedrooms | 32 | 36 | +12.5% |
Summary: The Southern Scottsdale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
136 | 191 | +40.4% |
Asking Price vs. Sold Price
126 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 191 homes were sold or pending in Southern Scottsdale in April 2024, up by 40.4% month-over-month. Of the 191 sold homes, 66% were sold under asking, 20% were sold at asking, and 14% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 73 Days | +15.9% |
Summary: Homes in Southern Scottsdale had an average of 73 days on market in Apr 2024, up by 15.9% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
71 Homes Were Sold
In 30 - 90 Days
55 Homes Were Sold
Over 90 Days
Summary: During April 2024, 191 homes were sold in Southern Scottsdale; 34% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.