Scottsdale, AZ 85255 Real Estate Market Report

ZIP Code: 85255
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, AZ are averaging 6.37%, which is higher than the 6.06% average observed in January 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, the median sold price of 1,690,000, points to sustained high-end transaction levels in 85255 and serves as the best representative recent sale benchmark for pricing decisions; neutral market temperature suggests this level reflects balanced buyer-seller negotiation rather than runaway appreciation.

2. There is a notable gap between median listing price (1,824,450) and the median sold price, which may indicate seller price ambition relative to recent transaction levels and could create pricing friction during negotiations for sellers seeking top-dollar exits.

3. Long sales timelines—median days on market of 172—signal slower sales velocity and suggest that sellers may need to allow more marketing time or be prepared for staged price adjustments; this pace appears consistent with a neutral market temperature rather than a sharp market shift.

4. Market fundamentals show continued rent strength and upward pressure on valuations: median market rent of 2,723 is paired with a rent year-over-year trend of up, while interest rate conditions (current average ~6.37% vs 6.06% in January 2026) and an moderate interest rate pressure backdrop recommend cautious underwriting for leveraged 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.

Scottsdale, AZ 85255 Real Estate Market Report

ZIP Code: 85255
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, AZ are averaging 6.37%, which is higher than the 6.06% average observed in January 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 neighborhood’s market value is best represented by the recent 699,900 median sold price, which signals realized transaction levels and represents recent market activity in the ZIP code.

2. Despite the median sold price of 699,900, there is a notable gap between the median listing price of 604,450 and recent sale outcomes, which may indicate pricing friction where sellers’ asking strategies differ from final transaction prices.

3. Liquidity appears muted given a median days on market of 415, which suggests slower sales velocity and that listings may take substantially longer to convert into closed transactions under current conditions.

4. Fundamentals are mixed: rents are strengthening with a median market rent of 2,450 and rent year-over-year trend is up, while interest rate pressure is labeled moderate and current mortgage pricing at 6.37% (vs 6.06% in January 2026) may keep some buyers price-sensitive rather than expanding demand—overall the market temperature is described as neutral.

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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.