Scottsdale, AZ 85254 Real Estate Market Report

ZIP Code: 85254
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Scottsdale, AZ (ZIP: 85254) is currently characterized by a median sold price of $899,450, reflecting a stable market environment. This price point indicates a moderate appreciation trend, aligning with the overall market temperature, which is described as neutral. The market has shown resilience, with a year-over-year price trend noted as up, suggesting a positive trajectory in property values despite the current economic pressures.

Transaction activity appears to be moderate, with median days on market recorded at 182 days, indicating a slower sales velocity. The elevated inventory levels relative to sales activity suggest that buyers may have more options, although sellers still maintain some leverage in negotiations. The median listing price stands at $1,100,000, creating a notable gap between asking and sold prices, which may indicate pricing friction as sellers adjust expectations to align with market realities.

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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.

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Key Findings

1. The median sold price of $899,450 indicates a stable market, reflecting a positive trend in property values.

2. With a median days on market of 182, the market is experiencing slower sales velocity, suggesting that properties are taking longer to sell.

3. The median listing price of $1,100,000 presents a significant gap compared to the sold price, indicating potential pricing friction in the market.

4. Elevated inventory levels are present, suggesting excess supply relative to sales activity, which may provide buyers with advantages.

5. The median market rent of $3,650 continues to rise, reflecting strong rental demand amidst affordability constraints in the for-sale market.

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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.