Scottsdale, AZ 85257 Real Estate Market Report

ZIP Code: 85257
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Scottsdale, AZ (ZIP: 85257) is characterized by a median sold price of $584,500, reflecting a stable market environment. This price point indicates a balanced transaction activity, particularly as the market has shown a flat price year-over-year trend. The median listing price stands at $692,000, suggesting a notable gap between seller expectations and actual market performance, which may create pricing friction for potential buyers.

The market exhibits 165 days on market, indicating a slower sales velocity and a shift towards a more balanced inventory situation. With elevated inventory levels relative to sales activity, buyers may find increased selection, particularly outside the luxury segment. The current median market rent is $2,500, which remains a critical factor for investors and renters alike as the rental market experiences a down trend year-over-year. Overall, the market appears to be stabilizing, with easing interest rates providing some relief to buyers who have been sidelined in recent months.

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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 around 5.875% to 6.07% are slightly higher than the 5.89% APR seen one week ago, suggesting property owners locked in a favorable rate recently.

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 is $584,500, indicating a stable market despite a flat price year-over-year trend.

2. With a median listing price of $692,000, there is a significant gap between listing and sold prices, suggesting potential pricing friction for sellers.

3. The median days on market of 165 reflects a slower sales velocity, indicating that properties are taking longer to sell in the current market.

4. Elevated inventory levels suggest excess supply relative to sales activity, providing buyers with more options in their search.

5. The median market rent of $2,500 is experiencing a down trend year-over-year, which may impact rental demand and investor strategies.

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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.