Is Central Scottsdale, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Central Scottsdale has remained a Seller's Market.
Housing Prices in Central Scottsdale, AZ
How much do homes in Central Scottsdale, AZ cost?
Median Sold Price
$837,863
$404/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Central Scottsdale was $837,863 in May 2024, up 4.8% from last year, and the median price per square foot was $404.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $287K | $292K | +1.7% |
2 Bedrooms | $485K | $490.8K | +1.2% |
3 Bedrooms | $759.4K | $799.9K | +5.3% |
4 Bedrooms | $1.2M | $1.2M | +3.5% |
5+ Bedrooms | $1.8M | $2.0M | +13.9% |
Summary: Central Scottsdale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 13.9%.
Housing Supply in Central Scottsdale, AZ
How many homes are available in Central Scottsdale, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
749 | 743 | -0.8% |
Summary: The Central Scottsdale real estate market had 743 homes for sale in May 2024, a 0.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 32 | +28.0% |
2 Bedrooms | 207 | 194 | -6.3% |
3 Bedrooms | 255 | 251 | -1.6% |
4 Bedrooms | 166 | 172 | +3.6% |
5+ Bedrooms | 96 | 94 | -2.1% |
Summary: The Central Scottsdale housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 2.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
178 | 189 | +6.2% |
Asking Price vs. Sold Price
130 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 189 homes were sold or pending in Central Scottsdale in May 2024, up by 6.2% month-over-month. Of the 189 sold homes, 69% were sold under asking, 20% were sold at asking, and 12% were sold over asking.
Days on Market for Central Scottsdale, AZ
How long does it take to sell a home in Central Scottsdale, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
60 Days | 62 Days | +2.9% |
Summary: Homes in Central Scottsdale had an average of 62 days on market in May 2024, up by 2.9% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
87 Homes Were Sold
In 30 - 90 Days
40 Homes Were Sold
Over 90 Days
Summary: During May 2024, 189 homes were sold in Central Scottsdale; 33% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.