Scottsdale Multifamily

Scottsdale Multifamily Market Highlights

As of Nov 11, 2025, the multifamily market in Scottsdale is currently experiencing notable shifts in key metrics that underline changing dynamics among buyers and sellers.

• Active listings have increased slightly to 8, suggesting a growing supply.
• The average days on market (DOM) has climbed to 108 days, indicating that properties are staying on the market longer.
• The average price per square foot has decreased to $425, reflecting a potential adjustment in buyer expectations.
• These changes hint at an evolving landscape where sellers may need to be proactive in pricing strategies to attract buyers.

An In-Depth Look at the Scottsdale Multifamily Market

The Scottsdale multifamily market, as of Nov 11, 2025, reveals interesting trends worth noting. The current inventory has seen a slight rise to 8 active listings, up from 7 just three months ago. This increase in the number of active listings may signal an improvement in market conditions for buyers, allowing them more options. However, the average DOM has also increased to 108 days, up from 99 days three months ago, demonstrating that while supply is growing, properties are not selling as quickly as before. This extended time on the market could lead to sellers needing to adjust their pricing strategies to enhance buyer interest.

The average price per square foot for active listings is currently $425, a decrease from $443 reported three months ago. This trend suggests that sellers are gradually lowering prices, possibly in response to the increasing time listings spend on the market. Furthermore, whether current pricing aligns with market demand could be a key determinative factor for potential buyers.

Looking back further, the numbers illustrate a significant evolution of the market. Six months ago, there were only 6 active listings with an average price of $2,254,650, revealing larger, perhaps more luxurious, units were previously dominating the market. Moreover, with an increase in average DOM from 60 days six months ago to the current 108 days, it indicates a shifting demand landscape, where buyers may be more discerning in their purchases.

By analyzing these trends, prospective buyers can refine their search strategies, targeting properties that have already had price adjustments or are staying on the market longer, while sellers might consider reassessing their asking prices and market approach to remain competitive amidst these trends.