October 2024 Scottsdale Housing Market Report

Source for monthly Scottsdale Housing Market Report by Realtors serving Scottsdale, AZ. Information is power. Facts not fiction from the Arizona Regional Multiple Listing Service (ARMLS).

  Text 602-300-0374

 Return to Main Market Conditions Page   

 Return to 10-City Report

  LISTINGS TO BEGIN OCTOBER and SEPTEMBER RESULTS

(Table may require a swipe left on mobile devices)

Strong Buyer's Market

Buyer's Market

Balanced

Seller's Market

Strong Seller's Market

On a price per-square foot average (see tables below):

• September's price per-square foot of $403 is up $6 from August, up $14 from last September, but down $16 from their peak in May '22
  

• In September, sellers received an average of -$27,457 less than their asking prices
  

• October 2024 began with 946 listings, which is 172% of the 3 year average of 549  (from 2021-2023). 
  

• September had 231 sales, or 55% of the 3 year average of 423 (from 2021-2023).

• Scottsdale is currently turning over housing inventory once every 3.6 months
  

• Days on market for sold homes are currently 73

• Bank-owned properties and short sales made up only 0.0% of all Scottsdale sales

Note:

Scottsdale hit the $400 per square foot plateau in March 2022 for the 1st time in history and peaked at $419 in May ’22!! Prices are now $403.

Scottsdale Housing Market Report Updated in October 2024

To reduce data errors results are based on:

1. Scottsdale SOLD single family residences, patio homes, and townhomes (ask us about condos)

2. List/sales price under $1,500,000

3. Size over 1,000 sq ft.

4. Calendar month

The sales data below will increase your understanding of the local housing market (we have city data archived back to January 2008).

---

Table Explanation

(Table may require a swipe left on mobile devices)

---

Month	Total Active	Total Sold	% Sold	MO. INV.	Sq ft	Price	DOM	$$ sq ft	+/- List Price
Oct-24	946
Sep-24	826	231	28.0%	3.6	2,201	$886,006	73	$403	-$27,457
Aug-24	801	280	35.0%	2.9	2,086	$827,979	76	$397	-$26,301
Jul-24	843	293	34.8%	2.9	2,199	$868,138	77	$395	-$28,068
Jun-24	870	297	34.1%	2.9	2,159	$857,713	70	$397	-$25,997
May-24	863	363	42.1%	2.4	2,131	$858,708	67	$403	-$24,007
Apr-24	856	290	33.9%	3.0	1,912	$715,903	66	$374	-$14,279
Mar-24	852	345	40.5%	2.5	2,101	$831,718	64	$396	-$23,738
Feb-24	820	301	36.7%	2.7	2,217	$866,613	68	$391	-$23,489
Jan-24	665	240	36.1%	2.8	2,113	$833,216	68	$394	-$27,044
Dec-23	750	254	33.9%	3.0	2,079	$786,422	65	$378	-$24,085
Nov-23	801	280	35.0%	2.9	2,152	$847,964	49	$394	-$26,513
Oct-23	693	255	36.8%	2.7	2,164	$850,425	52	$393	-$25,810
Sep-23	603	284	47.1%	2.1	2,134	$830,919	54	$389	-$18,880
Aug-23	601	336	55.9%	1.8	2,145	$844,715	63	$394	-$22,699
Jul-23	579	302	52.2%	1.9	2,168	$829,389	70	$383	-$20,000
Jun-23	656	447	68.1%	1.5	2,203	$839,289	63	$381	-$25,782
May-23	689	471	68.4%	1.5	2,238	$851,490	61	$380	-$25,548
Apr-23	809	330	40.8%	2.5	2,171	$829,153	71	$382
Mar-23	811	445	54.9%	1.8	2,210	$835,450	73	$378
Feb-23	854	294	34.4%	2.9	2,213	$828,843	71	$375
Jan-23	816	227	27.8%	3.6	2,111	$778,523	70	$369
Dec-22	958	237	24.7%	4.0	2,243	$791,545	71	$353
Nov-22	1,007	275	27.3%	3.7	2,216	$829,656	58	$374
Oct-22	960	289	30.1%	3.3	2,177	$841,916	51	$387
Sep-22	883	290	32.8%	3.0	2,180	$844,854	49	$388
Aug-22	889	311	35.0%	2.9	2,136	$807,662	43	$378
Jul-22	742	270	36.4%	2.7	2,074	$840,720	32	$405
Jun-22	572	412	72.0%	1.4	2,140	$881,715	28	$412
May-22	304	473	155.6%	0.6	2,122	$889,517	23	$419
Apr-22	195	497	254.9%	0.4	2,101	$872,548	24	$415
Mar-22	186	542	291.4%	0.3	2,139	$854,724	26	$400
Feb-22	166	420	253.0%	0.4	2,157	$830,857	36	$385
Jan-22	224	402	179.5%	0.6	2,194	$813,136	37	$371
Dec-21	272	506	186.0%	0.5	2,214	$804,963	38	$364
Nov-21	352	545	154.8%	0.6	2,259	$801,206	36	$355
Oct-21	387	453	117.1%	0.9	2,230	$773,922	34	$347
Sep-21	423	504	119.1%	0.8	2,213	$783,308	33	$354
Aug-21	445	499	112.1%	0.9	2,302	$790,689	32	$343
Jul-21	348	545	156.6%	0.6	2,277	$765,380	31	$336
Jun-21	305	619	203.0%	0.5	2,281	$754,590	26	$331
May-21	272	650	239.0%	0.4	2,354	$781,691	29	$332
Apr-21	259	694	268.0%	0.4	2,369	$754,925	33	$319
Mar-21	263	718	273.0%	0.4	2,468	$755,983	43	$306
Feb-21	289	592	204.8%	0.5	2,373	$718,754	48	$303
Jan-21	399	558	139.8%	0.7	2,453	$695,146	58	$283

Table Explanation for Scottsdale Housing Market Report

NOTE: we use the term “foreclosure” to describe bank owned homes and short sales because most people are familiar with it. “Distressed Properties” may be more accurate.

1. Total Active – # of homes for sale at the beginning of the current month

2. Total Sold – # of homes sold in the current month

3. % Sold – a ratio of total sold to total active

4. MO. INV. – based on total sold, how many months it would take to sell the total “active” inventory

5. Sq ft – average square footage of sold homes

6. Price – average sales price of sold homes

7. DOM – Days On Market, or average days to sale

8. $ sq ft – average price per square foot

9. +/- List Price – the average dollars received by sellers above or below their average list prices

Monthly Scottsdale Housing Market Report by Realtors serving Scottsdale, AZ