Scottsdale Condos

Scottsdale Condos Market Highlights

As of Jul 10, 2025, the condos/townhomes/patio homes market in Scottsdale is displaying noteworthy shifts as inventory levels and pricing dynamics evolve.

• The number of active listings has risen to 883, indicating increased options for buyers compared to previous months.
• The average days on market (DOM) currently sits at 106, reflecting a moderate pace of sales.
• Despite a slight dip in the average sold price, which is now $512,377, the overall market remains active with competitive pricing.

An In-Depth Look at the Scottsdale Condos Market

The Scottsdale condos/townhomes/patio homes market, as of Jul 10, 2025, is experiencing a mix of growing inventory and shifting price trends that impact buyer and seller strategies.

• Active listings have climbed to 883, a significant increase from 827 just three months ago. This surge indicates a broader selection for buyers, though it also suggests that sellers may need to compete more aggressively to capture interested buyers.
• The current average price per square foot for active listings stands at $467, slightly higher than the $465 recorded three months ago, which may signal increased buyer demand amidst growing inventory.
• However, the average days on market (DOM) has increased to 106, up from 84 days, hinting at a slower sales velocity. This trend could suggest buyers are taking a more measured approach before committing to purchases.
• Meanwhile, sold prices have seen a decline to an average of $512,377 from $671,032 three months ago, a striking change potentially influenced by the availability of more options and buyer negotiation power.
• Notably, the months of inventory currently rests at 4.2 months; this figure indicates a balanced market where neither buyers nor sellers have a distinct advantage. As a rule of thumb, 4-6 months of inventory generally suggests stability, but as inventory continues to increase, all eyes will be on how pricing and buyer sentiment respond moving forward.
• Sellers aiming to maximize their returns may consider pricing strategies that reflect these shifts to maintain competitive positioning in a market with both opportunities and challenges.

The evolving landscape in Scottsdale's condo market reveals an environment worthy of careful consideration for both buyers and sellers, making insight into pricing strategies and market timing more valuable than ever.