SCOTTSDALE REAL ESTATE LISTINGS & HOMES FOR SALE

As of March 2024, the Scottsdale housing market showed a 3.8% increase in median home prices compared to the previous year, with homes selling for a median price of $823K. Homes in Scottsdale are selling slightly faster, with the average property spending 53 days on the market, down from 54 days last year. However, the number of transactions has decreased, with 504 homes sold in March this year compared to 613 during the same period last year. This decline in sales volume could suggest a tightening market where fewer homes are available, possibly maintaining upward pressure on prices.

Scottsdale's housing market is moderately competitive, with homes typically selling within 53 days. The market sees some homes receiving multiple offers, indicating a certain level of demand. On average, homes in Scottsdale sell for approximately 3% below the listed price and tend to go pending in about 53 days. However, highly sought-after homes, or "hot" homes, often sell for around the list price and may go pending significantly quicker, typically within 25 days. This suggests that more desirable properties in prime locations or with coveted features can attract quicker sales and closer to asking prices.

People are moving to Scottsdale from several major metropolitan areas across the nation, with the largest influx coming from Seattle. This is followed by significant numbers from Los Angeles and San Francisco. Overall, 3% of homebuyers nationwide are searching to relocate to Scottsdale from outside metropolitan areas, highlighting Scottsdale's appeal to residents of larger cities perhaps seeking a different lifestyle, better climate, or lower cost of living.