Scottsdale, AZ 85259 Real Estate Market Report

ZIP Code: 85259
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The Scottsdale, AZ (ZIP: 85259) market is currently characterized by a median sold price of $1,200,000, which reflects a cooling trend in the market as prices have decreased down since last year. This decline suggests a shift in buyer sentiment and market dynamics, as elevated inventory levels provide more options for potential buyers. The median days on market stands at 170, indicating a slower sales velocity and a more cautious approach from buyers, likely influenced by the current interest rate environment, which is under moderate pressure but remains favorable compared to last year.

Despite the cooling in sales prices, the median market rent has increased to $3,000, indicating strong rental demand relative to the broader Phoenix metro area. This divergence between rental growth and declining sales prices may suggest a transitional phase in the market where buyers are more selective, leading to a balanced competitive environment. As buyers re-enter the market cautiously, the overall market temperature remains neutral, reflecting a stabilization period following previous appreciation.

---

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

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.

---

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 the Scottsdale AZ market average around 6.09% compared to 6.87% a year ago, presenting a favorable rate environment for refinancing activity.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median sold price of $1,200,000 indicates a market that has experienced a down trend, suggesting potential pricing friction for sellers.

2. With a median days on market of 170, the market is experiencing slower sales velocity, which may indicate buyer caution in the current economic climate.

3. The median market rent has risen to $3,000, highlighting strong rental demand despite the cooling sales prices, suggesting a potential opportunity for investors.

4. Current interest rate pressure is described as moderate, which may influence buyer behavior and financing decisions moving forward.

5. The market temperature is neutral, indicating a balanced environment where neither buyers nor sellers hold a significant advantage.

---

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.