Scottsdale, AZ 85255 Real Estate Market Report

ZIP Code: 85255
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Scottsdale, AZ (ZIP: 85255) stands at $1,686,000, reflecting the actual transaction values in the market. This figure indicates a stable market environment, although specific historical price change data is not available for further context. The current market appears to be characterized by moderate sales activity, with a median days on market of 120 days, suggesting a slower sales velocity compared to more active periods.

Despite the elevated inventory levels relative to sales, the market shows signs of resilience, particularly in the luxury segment, which remains robust. The median listing price of $2,300,000 indicates a significant gap between seller expectations and market realities, which may create pricing friction. Additionally, easing national interest rates are providing some support to buyer activity, although rental prices are generally trending down year-over-year, offering relief to tenants in the area.

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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 the Scottsdale AZ market around 5.875% are 0.8% lower than the average rate of 6.68% seen one year ago, presenting a favorable refinancing window for recent borrowers.

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 median sold price of $1,686,000 indicates a stable market environment, reflecting actual transaction values.

2. With a median days on market of 120 days, the market is experiencing a slower sales velocity, suggesting potential pricing friction.

3. The median listing price of $2,300,000 shows a significant gap from the median sold price, indicating seller expectations may be misaligned with current market realities.

4. Rental prices are generally down, providing relief to tenants and indicating a potential shift in rental market dynamics.

5. Current interest rates at 5.875% are 0.8% lower than last year, presenting a favorable refinancing window for 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.