Scottsdale, AZ 85251 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary transaction indicator, the median sold price, is $624,000, which anchors recent market value and suggests realized prices are below current asking levels in this cycle (downward price trend).
2. There is a notable gap between the median listing price $760,000 and the median sold price $624,000, which may indicate pricing friction and seller expectations above recent transaction levels; market temperature is cold, reinforcing slower acceptance of list pricing.
3. Liquidity is slow: the median days on market is 606, which signals substantially slower sales velocity and suggests more time required to transact compared with typical market turnover; this pace may indicate softer demand or cautious buyer behavior under current conditions.
4. Rental markets remain resilient with a median market rent of $2,066 and a rent year-over-year trend that is up, offering an alternative return path for investors while interest rate pressure remains elevated (current 30‑year fixed rates averaging 6.63%).

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.