Is 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, Scottsdale has remained a Seller's Market.
Housing Prices in Scottsdale, AZ
How much do homes in Scottsdale, AZ cost?
Median Sold Price
$823,499
$402/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Scottsdale was $823,499 in April 2024, up 1.6% from last year, and the median price per square foot was $402.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $290K | $290K | 0.0% |
2 Bedrooms | $472K | $474.2K | 0.5% |
3 Bedrooms | $776.6K | $775.1K | -0.2% |
4 Bedrooms | $1.1M | $1.1M | +5.0% |
5+ Bedrooms | $1.7M | $1.8M | +7.2% |
Summary: Scottsdale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Cities
Fountain Hills | $629.8K | $680.5K | +8.1% |
Scottsdale | $810.4K | $823.4K | +1.6% |
Paradise Valley | $3.0M | $3.0M | 0.3% |
Carefree | $1.2M | $1.0M | -20.8% |
Housing Supply in Scottsdale, AZ
How many homes are available in Scottsdale, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3,092 | 3,211 | +3.8% |
Summary: The Scottsdale real estate market had 3,211 homes for sale in April 2024, a 3.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 128 | 138 | +7.8% |
2 Bedrooms | 702 | 711 | +1.3% |
3 Bedrooms | 975 | 996 | +2.2% |
4 Bedrooms | 856 | 907 | +6.0% |
5+ Bedrooms | 431 | 459 | +6.5% |
Summary: The Scottsdale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 6.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
572 | 680 | +18.9% |
Asking Price vs. Sold Price
486 Homes Were Sold
Under Asking
114 Homes Were Sold
At Asking
80 Homes Were Sold
Over Asking
Summary: A total of 680 homes were sold or pending in Scottsdale in April 2024, up by 18.9% month-over-month. Of the 680 sold homes, 71% were sold under asking, 17% were sold at asking, and 12% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
69 Days | 71 Days | +2.5% |
Summary: Homes in Scottsdale had an average of 71 days on market in Apr 2024, up by 2.5% compared to last year.
Breakdown of Home Sale Times
225 Homes Were Sold
Under 30 Days
273 Homes Were Sold
In 30 - 90 Days
182 Homes Were Sold
Over 90 Days
Summary: During April 2024, 680 homes were sold in Scottsdale; 33% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.