Scottsdale Real Estate Market Overview
Scottsdale Market Highlights
As of May 6, 2025, the real estate market in Scottsdale reflects a continuation of notable trends impacting both buyers and sellers.
- Over the past month, active listings have increased, reaching a total of 3,592, indicating heightened market activity.
- The average days on market (DOM) for these properties is currently at 112 days, suggesting homes are lingering a bit longer before finding buyers.
- With the average sold price of listings over the past 30 days at $1,215,760, there's evidence that the demand continues to support strong sales prices, despite a growing inventory.
Curious how the Scottsdale market has changed over time?
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Scottsdale Real Estate Market Report
An In-Depth Look at the Scottsdale All Property Types Market
The Scottsdale real estate market presents an intriguing landscape as of May 6, 2025. Currently, the number of active listings stands at 3,592, which marks an increase from 2,947 three months ago. This surge in inventory reflects a growing selection for buyers and indicates an active market. Conversely, the average price per square foot for sold properties has remained relatively stable at $450, while the months of inventory have declined slightly to 5.3 months, compared to 6.1 months from three months ago.
The trend indicates a healthy movement, although homes are taking longer to sell, as the average DOM is reported at 112 days, an increase from 140 days three months ago.
Interestingly, the average sold price has shown resilience, currently at $1,215,760 and slightly lower than its recent high of $1,232,315 three months back. This reflected a modest adjustment rather than a substantial decrease, showcasing that while buyers have more choices, they continue to invest significantly in this desirable area.
For sellers, the market dynamics suggest a strategic approach is essential. With inventory levels rising, pricing may need to reflect competitive dynamics. A focus on presentation and marketing will be crucial to navigate longer DOM effectively. Meanwhile, buyers might find favorable opportunities, especially with more properties entering the market. The overall environment thus remains conducive to transactions, with adequate strategies supporting both sides.
Info About Scottsdale
Scottsdale Homes for Sale
Scottsdale is the fifth-largest city (246,398) in Arizona in terms of population and covers an area of 184.44 sq mi.
Scottsdale is famous as a vacation and conference destination, and those same amenities that attract visitors from around the world – natural beauty, spas, fine restaurants, great shopping, a commitment to arts and culture, and the over 200 golf courses – make it a great place to live full time.
Find any list of the “Best Places to Live in the United States,” and Scottsdale will have a place on there – regardless of what they use to measure the quality of life. This city does not just excel in one aspect of life; it excels in every aspect.
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Real Estate in Scottsdale, Arizona
While Scottsdale is known for its luxury real estate, the real estate market is more diverse than that. There is a multitude of distinct neighborhoods in Scottsdale and each has its own unique features, character, and price points.
Scottsdale has four primary areas: South Scottsdale, Old Town, Central Scottsdale, and North Scottsdale.
South Scottsdale
South Scottsdale is considered the working-class or “affordable” portion of Scottsdale. The neighborhoods found here are older and well-established. In fact, some neighborhoods in South Scottsdale such as Villa Monterey, Village Grove, and Town and Country date back to the 1950s. Not so long ago, Arizona State University opened the new Sky Song research center. This state-of-the-art research center has generated interest in the area among several international corporations.
Old Town Scottsdale
Old Town Scottsdale is the heart of Scottsdale with a variety of nightspots, shops, restaurants, art galleries, and things to do. Here you can find traditional single-family homes, luxury homes, condos, and even high rise luxury condos with every amenity imaginable. Much of the new multi-family construction occurring in Scottsdale is in this district.
Scottsdale Waterfront Condos
Central Scottsdale (The Shea Corridor)
Central Scottsdale is defined as the area around Shea Boulevard. Single-family homes in this area were primarily built in the 1970s, but given the relative affluence of the community, you won’t find any leftover shag carpet in these houses. Most have been renovated both in and out through the years.
This area is home to many highly-regarded neighborhoods such as Gainey Ranch and McCormick Ranch. In addition to the number of great homes in the area, you will also find many of Scottsdale’s famous resorts. That means that those that live here full time have access to many resort-quality amenities such as great golf courses.
North Scottsdale
North Scottsdale is both the least developed part of Scottsdale and its most exclusive – though the least developed part is changing at a rapid pace as developers move into the area. Here you will find many of the area’s multi-million-dollar estates. Homes for sale in North Scottsdale are primarily luxury properties that incorporate top-of-the-line features as well as world-class community amenities and breathtaking views.
What to Do In Scottsdale
Like most cities that attract a large number of visitors, Scottsdale has a wealth of entertainment options – both man-made and natural.
Natural Attractions
Scottsdale is centrally located, so you can easily reach some of Arizona’s most breathtaking natural wonders in just a few hours, but there is plenty to see right in Scottsdale. The Indian Wash Greenbelt is a 12-mile long path that connects Scottsdale’s four public parks: Vista del Camino, Eldorado, Indian School, and Chaparral. These parks feature fishing ponds, sports fields, athletic courts, playgrounds, and much more. The Greenbelt is a popular spot for walkers, joggers, and cyclists.
Shopping, Dining and Nightlife
Much of the entertainment options in Scottsdale can be found in Old Town Scottsdale. Here you will find the Scottsdale Fashion Square – the home of many high-end retail boutiques. Scottsdale Fashion Square is over 2 million square feet and is home to such renowned clothiers as Armani Exchange, Burberry, Gucci, and Louis Vuitton. There are also a variety of locally owned boutiques throughout the area. In addition to the great retail options, there are many restaurants offering a variety of cuisines, nightspots, and live music venues.
And that’s just one small part of Scottsdale.
Golf Course Homes
Golf
There are over 200 golf courses in the Scottsdale area. Regardless of what style of course you prefer or your skill level, you can find a course to suit you here. There are traditional, American-style courses, links courses worthy of Scotland (minus the weather), and the desert-style courses Arizona made famous. Many of the communities are built alongside renowned golf courses, but regardless of where you choose to buy a home in Scottsdale, you will never be far from the links.
Industry
The famed Mayo Clinic has one of its three major branches in Scottsdale. This and its resulting effects have made Scottsdale a strong destination nationally for medical care.
The aviation industry has also grown in Scottsdale, with the construction of the Scottsdale Airport in North Scottsdale, in the 1960s. Today, the airport is one of the busiest single-runway airports in the United States in terms of aircraft operations. Though there is little to no commercial air service, nearly all operations are corporate or general aviation.
The Scottsdale Airpark, home to over 55K employees, 2,600 businesses, and 23M square feet (2,100K m2) of office space is expected to continue growing by over 3K employees per year. Many important companies are headquartered or have regional headquarters in the park, including AXA, GE Capital, DHL, Discount Tire Company, Fidelity Investments, JDA Software, and The Vanguard Group.
Brian Adamski, Realtor
Guiding You Home in Scottsdale | Turning Uncertainty into Peace of Mind
480-405-1265
