Market Snapshot
- Median listing price
- $896K
- Median rent
- $2,255/mo
- Days on market
- 62 days
- Gross rental yield
- 3.02%
- STR vs LTR
- $2,206/mo STR · $2,255/mo LTR
The median listing price in Scottsdale, AZ ZIP 85251 is $895,750 as of August 2026.
The median market rent in Scottsdale, AZ ZIP 85251 is $2,255/month as of August 2026.
The median days on market in Scottsdale, AZ ZIP 85251 is 62 days as of August 2026. The market is currently neutral.
At a median list price of $895,750 and a median rent of $2,255/month, the gross rental yield in Scottsdale, AZ ZIP 85251 is 3.02% as of August 2026.
In Scottsdale, AZ ZIP 85251, median Airbnb revenue is $2,206/month compared to median long-term rent of $2,255/month as of August 2026.
Scottsdale, AZ 85251 Real Estate Market Report
ZIP Code: 85251
Report Date: August 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
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
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Scottsdale, AZ, are approximately 6.7% compared to the 6.0% average seen in early 2026, indicating that property owners who secured loans earlier this year currently hold a more favorable rate.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- median sold price $784,000 is the best indicator of current market value and recent transaction activity in 85251; this level suggests realized sale prices are meaningfully below asking expectations in some cases, so sellers should align pricing to recent closed comps to avoid extended marketing periods. neutral
- median listing price $895,750 versus the median sold price highlights a material spread that may indicate pricing friction between seller expectations and final transaction values; sellers should consider more competitive pricing or concessions to achieve timely closings.
- median days on market 62 points to slower sales velocity compared with historically brisk periods, which suggests more time and marketing are required to convert listings into sales and that buyer negotiation leverage has increased. moderate
- Macro factors show the marketPrice year-over-year trend is flat and the market temperature is neutral, while interest rate pressure is elevated; together these signals suggest transaction activity may remain steady but price appreciation is unlikely until borrowing costs ease or demand re-accelerates. elevated interest rate pressure
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Quick sale indicating strong buyer demand and competitive market conditions.
Quick sale indicating strong buyer demand and competitive market conditions.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.69% rate, 0.2% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 8/12/2026
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