Market Snapshot
- Median listing price
- $875K
- Median rent
- $2,200/mo
- Days on market
- 470 days
- Gross rental yield
- 3.02%
- STR vs LTR
- $1,764/mo STR · $2,200/mo LTR
The median listing price in Scottsdale, AZ ZIP 85254 is $874,950 as of June 2026.
The median market rent in Scottsdale, AZ ZIP 85254 is $2,200/month as of June 2026.
The median days on market in Scottsdale, AZ ZIP 85254 is 470 days as of June 2026. The market is currently neutral.
At a median list price of $874,950 and a median rent of $2,200/month, the gross rental yield in Scottsdale, AZ ZIP 85254 is 3.02% as of June 2026.
In Scottsdale, AZ ZIP 85254, median Airbnb revenue is $1,764/month compared to median long-term rent of $2,200/month as of June 2026.
Scottsdale, AZ 85254 Real Estate Market Report
ZIP Code: 85254
Report Date: June 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 6.63%, which is 0.88% higher than the 5.75% average observed for typical loans in this area earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary market indicator is the median sold price $1,029,000, which represents recent transaction value and suggests pricing stability around this level; this figure should be treated as the best reflection of market value given the observed listing/sale dynamics.
- The market shows slow liquidity with a median days on market 470, which may indicate prolonged marketing periods and greater buyer selectivity rather than rapid turnover; slower sales velocity appears present and could pressure sellers to be more flexible on terms or pricing.
- Supply-demand context appears relatively balanced to constrained with a neutral temperature and flat price trajectory: market temperature neutral and price year-over-year trend flat, implying limited directional price momentum and that negotiated outcomes will determine near-term moves; balanced conditions are consistent with stable sold prices but extended time on market.
- Affordability and carrying cost pressures are meaningful: interest rate pressure elevated with regional 30-year fixed rates at 6.63% (noted as 0.88% higher than an earlier 5.75% reference), while rental strength is positive — median market rent $2,200 and rent year-over-year trend up — suggesting some buyer demand may shift toward rentals or investors targeting rental income; elevated interest rate pressure is a key constraint on purchase affordability.
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
Sold above market average
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
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, 6.53% rate, 0.4% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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