Scottsdale Homes Market Overview
Scottsdale Homes Market Highlights
As of May 8, 2025, the single-family home market in Scottsdale shows distinct trends worth noting.
- Active listings have risen significantly over the past month, increasing to 2,057, compared to just 1,678 three months ago.
- The average sales price is up, reaching $1,607,768 recently, a noticeable improvement from the average of $1,456,249 just three months prior.
- While the number of days on market (DOM) currently stands at 100, it's important to highlight this reflects a marginal decrease in activity compared to the 125 days recorded three months ago.
Curious how the Scottsdale Homes market has changed over time?
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Scottsdale Homes Market Report
An In-Depth Look at the Scottsdale Homes Market
The current landscape in the Scottsdale single-family home market provides clear insights into evolving trends. Active listings have climbed to 2,057 over the past month, marking a substantial rise of 22.5% from the 1,678 active listings seen three months ago. This uptick is indicative of an increasing supply, allowing buyers a wider selection of homes. Furthermore, the market's current months of inventory stands at 5.1, up from 4.9 six months ago, which suggests a slowly escalating trend in housing availability.
Sold prices have also been on an upward trajectory, with the average sales price now averaging $1,607,768, up from $1,456,249 just three months prior—a remarkable increase of nearly 10.4%. This suggests heightened buyer interest and confidence, showcasing a willingness to engage at higher price points despite the growing inventory.
Interestingly, the days on market (DOM) continues to reflect a more deliberate pace in sales, currently at 100 days compared to 125 days three months ago. This reduction could signal a temporary market adaptation, where buyers have become accustomed to both increased inventory and elevated price points.
In terms of the price per square foot, active listings average $599, reflecting a consistent value trend when viewed against the sold listings, where the price per square foot is reported at $491. This difference points to the competitive nature of the current market, as properties remain priced at higher points until buyers react to the available inventory.
Overall, the Scottsdale single-family home market appears to be expanding in favor of buyers due to increased inventory. However, the rising sold prices indicate sustained demand. Sellers should prepare for longer DOM while leveraging the higher market prices to capitalize on this trend, potentially adjusting strategies as inventory evolves in the coming months.
Brian Adamski, Realtor
Guiding You Home in Scottsdale | Real Estate, Done Right
480-405-1265
