Scottsdale Land

An In-Depth Look at the Scottsdale Land Market

The current land market in Scottsdale, as of May 8, 2025, reveals a complex interplay of supply and demand dynamics impacting pricing and availability.

• Over the past month, active listings have jumped to 247, reflecting stronger inventory compared to just 210 three months ago. This rise in inventory often signals increased seller activity, which can influence market perceptions of value and competitiveness.
• The average sold price has dipped to $761,533, a shift from an average of $743,043 three months ago. While this drop may concern some sellers, it's essential to recognize that market adjustments frequently follow shifts in available homes.
• The average DOM has seen a significant increase to 281 days, up from 345 days three months prior. This longer DOM is indicative of a market that is slowing down, potentially due to higher interest rates or changing buyer preferences as they adjust to the current financial landscape.
• Regarding months of inventory, the current figure stands at 14.8, which suggests a well-supplied market relative to demand. This level typically indicates a balanced environment where home prices stabilize, as neither buyers nor sellers hold substantial advantages. Historical data shows that months of inventory have been trending upward, with 12.0 seen 12 months ago, reflecting broader market adjustments.
• Current buyers may find opportunities in this environment, especially if they are flexible and willing to negotiate. Sellers, on the other hand, may need to consider strategic pricing to attract potential buyers amid the rising inventory and slower sales cycle.

By considering both current and historical trends, buyers and sellers in Scottsdale can navigate this evolving land market more effectively and make informed decisions.