Scottsdale Market Overview
Highlights
As of March 16, 2025, the single family home market in Scottsdale is experiencing notable shifts as supply and demand dynamics evolve.
- Over the past month, active listings have risen to 1,916, reflecting a robust increase compared to previous months.
- The average sold price has increased slightly to $1,595,386, indicating a resilient market despite fluctuations.
- Meanwhile, the days on market (DOM) have extended to 100 days, suggesting a more deliberate selling process as buyers weigh their options.
- Months of inventory now stand at 5.6 months, steering the market toward a balanced state where buyers have more choices available.
Info About Scottsdale
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.
Scottsdale Homes for Sale
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Scottsdale Market Report
An In-Depth Look at Scottsdale Houses
The single family home market in Scottsdale, as of March 16, 2025, encapsulates an intricate blend of rising inventory levels accompanied by steady pricing trends. Over the last month, active listings surged to 1,916, which is significantly higher when compared to 1,394 just three months ago, signaling an increase in seller activity amid changing market conditions. Looking back six months, active listings were at 1,188, highlighting a growing trend of homes entering the market.
The average sold price has reached $1,595,386 with a modest increase from $1,581,746 reported three months ago, suggesting that while buyers are presented with more options, they continue to value available homes at higher amounts. Despite the rise in prices, the average days on market (DOM) has also grown, now at 100 days, compared to 123 days three months prior, indicative of a slower-paced selling cycle.
The months of inventory, currently at 5.6 months, suggest market balance; levels above 4 months often indicate more choices for buyers, potentially leading to greater negotiation leverage. Looking back, months of inventory were only 3.8 six months prior. The increase in active listings alongside average sold prices rising slowly reflects that while buyers have more options, they are still willing to pay premium prices for desirable homes.
Overall, the current market dynamics show a shift towards a balanced environment, giving both buyers and sellers the chance to adjust their strategies. Sellers may need to adapt to longer selling periods and focus on strategic pricing to attract buyers, while buyers can exercise patience as they navigate the expanded inventory.