Scottsdale Real Estate Market Overview
Scottsdale Market Highlights
As of May 8, 2025, the real estate market in Scottsdale has displayed various shifts that affect both buyers and sellers.
- Over the past month, the number of active listings rose to 3,570, a significant increase from 2,933 three months ago, reflecting heightened market activity.
- The average sales price of sold properties has stabilized at around $1,221,649, revealing a slight decline compared to the previous month’s price of $1,232,315.
- Days on market (DOM) for active listings rose to 110, indicating longer sales cycles compared to three months prior, when the average DOM was just 141 days.
- With current months of inventory at 5.4, this suggests a more balanced market, which can be favorable for buyers who may have more options as inventory expands.
Curious how the Scottsdale market has changed over time?
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The real estate landscape in Scottsdale, as of May 8, 2025, shows noteworthy developments that reflect both the demand and pricing dynamics within the market.
The number of active listings has notably climbed to 3,570 over the past month, a marked rise from 2,933 three months ago. This growth indicates a potential upswing in seller confidence and activity, which may provide buyers with a broader selection of options than previously available in what has been a competitive market.
Despite this increase in inventory, average sales prices for sold listings have recently positioned at $1,221,649, showing a minor decline from $1,232,315 from just a month ago. This slight reduction in sold prices could suggest that buyers are becoming more price-sensitive in light of the higher inventory levels and the corresponding effects on negotiations.
Interestingly, the average days on market (DOM) for active listings has risen significantly to 110 days. This extension of time reflects a slower pace in sales compared to 141 days three months ago. While prolonged DOM can sometimes signal inefficiencies in the market, the increase may also indicate that buyers are taking their time to assess options against a backdrop of expanded inventory.
Current months of inventory sits at 5.4, indicating balanced market conditions where neither buyers nor sellers hold overwhelming power. Markets typically balanced or skewed slighting towards buyers can lead to more negotiating opportunities for those seeking to purchase, as sellers may be inclined to adjust prices to facilitate quicker sales. This scenario becomes increasingly relevant for buyers looking to capitalize on a wider array of listings.
In summary, Scottsdale’s real estate market, characterized by a spike in active listings and lengthened sales timelines, presents opportunities for potential buyers who are navigating a more favorable buying climate while actively monitoring price trends in a fluctuating landscape.
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
