Scottsdale Homes

Scottsdale Homes Market Highlights

As of Jul 10, 2025, the single-family home market in Scottsdale shows noteworthy fluctuations in key metrics.

• The number of active listings has increased significantly to 1,445, compared to 1,315 just three months ago.
• The average price per square foot for these active properties sits at $579, which is slightly lower than the $587 reported three months ago.
• Moreover, sold prices have also fallen to an average of $1,349,463, contrasting with $1,631,261 previously, indicating buyers are securing properties at reduced prices.
• The average days on market (DOM) reflects a rise to 108 days, suggesting properties are taking longer to sell than they did previously.

An In-Depth Look at the Scottsdale Homes Market

The single-family home market in Scottsdale has presented a series of trends that reveal shifting dynamics as of Jul 10, 2025. The increase in active listings, which has risen to 1,445 from 1,315 three months ago, indicates a growing supply in the market. This uptick can often lead to heightened competition among sellers, potentially conferring more negotiating power to buyers.

In terms of pricing, the average price per square foot has slightly declined from $587 to $579 in the same period, reflecting a possible adjustment to market realities as inventory rises. Buyers are also increasingly noticing a drop in sold prices, with current averages at $1,349,463, down from $1,631,261 three months earlier. This significant change suggests a cooling in the market, with buyers more cautious and securing homes at favorable prices.

The average DOM has climbed to 108 days, a notable increase compared to the 91 days registered three months prior. This extension in market time indicates that properties are not just sitting longer before selling, but this trend may also contribute to pricing pressures, encouraging sellers to consider price reductions in order to attract offers.

When examining months of inventory, currently standing at 3.9, we see it signals a balanced market where neither buyers nor sellers hold a distinct advantage. As this figure remains below four months, we find indications that demand still exists, but sellers must be realistic in their pricing to move inventory efficiently.

Looking forward, buyers should adopt a cautious approach in navigating the current landscape, particularly in taking advantage of price reductions and properties that are lingering longer on the market. For sellers, the elevated DOM underscores the importance of strategic pricing and marketing to stand out in the growing pool of listings, as prolonged market times can impact eventual sale outcomes. Overall, the Scottsdale market reflects an evolving scenario that requires participants to stay agile in their decision-making processes.