Scottsdale, AZ 85254 Real Estate Market Report

ZIP Code: 85254
Report Date: May 2026
Market Temperature: NEUTRAL
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.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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Liquidity & Velocity

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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 85254 are averaging 6.35%, reflecting the prevailing market environment for property owners in this area as of May 2026.

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

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Key Findings

1. The primary market indicator, $866,000, is the neighborhood's median sold price and represents the most reliable signal of recent transaction values in ZIP 85254; this sits below the median listing price of $955,000, which may indicate a gap between seller expectations and completed sale prices. balanced price discovery

2. Despite the upward price year-over-year trend, the market shows relatively constrained active supply in the analyzed sample alongside moderate transaction volume, which together suggest the market remains neutral rather than strongly one-sided; interpret listing-to-sales dynamics with caution.

3. The median days on market is 235, which signals slower sales velocity and elevated time-to-contract compared with faster-moving markets; this should be considered when setting pricing cadence and staging timelines. slower velocity

4. Market fundamentals show rent and price trends are both up, while interest rate pressure is elevated (current local 30-year fixed average 6.35%), implying continued demand support from local economic growth but higher financing costs that may constrain some buyer segments. elevated interest rate pressure

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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.

Scottsdale, AZ 85254 Real Estate Market Report

ZIP Code: 85254
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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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.

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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 85254 are averaging 6.35%, reflecting the prevailing market environment for property owners in this area as of May 2026.

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

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Key Findings

1. median sold price: 467,000 is the primary indicator of current market value and recent transaction activity in ZIP 85254; this level suggests modest price strength consistent with the stated price year-over-year trend being up and supports seller realization above asking in aggregate.

2. There is a meaningful gap between median listing price: 412,000 and the median sold price, which may indicate pricing friction or seller expectation differences versus recent transaction levels and suggests careful list-price positioning is required to avoid extended marketing time.

3. The market shows slower sales velocity as reflected by median days on market: 389, which, combined with a relatively constrained active supply in the analyzed sample, appears to produce a balanced market temperature rather than a clearly one-sided market; sellers should expect longer marketing periods and buyers can exercise patience.

4. Macro and cost-of-capital context: rent is trending positively and price appreciation is trending positively (rent year-over-year trend: up, price year-over-year trend: up), but interest rate pressure remains elevated with Current 30-year fixed mortgage rates in Scottsdale 85254 averaging 6.35%, which may temper transaction volume and affect affordability for mortgage-dependent buyers.

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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.