Scottsdale, AZ Real Estate Market

With a median sale price of $1,030,000 and a market temperature score of 72 out of 100, sellers are in a favorable position to attract serious buyers. The 32-day median days on market indicates homes are moving at a reasonable pace, so pricing competitively from the start will be key to maximizing your outcome.

Buyers in 85251 should be prepared for a median sale price of $1,030,000, which sits notably above the median list price of $625,000, signaling that higher-end homes are driving final sale figures. With 693 active listings available, there is meaningful inventory to explore, giving buyers some room to find the right fit without extreme urgency.

The median rent in 85251 sits at $2,093 per month with 1,075 rental units available, pointing to an active rental market with real competition among landlords. Investors eyeing smaller units should note that 2-bedroom homes sell for a median of $409,000 and rent for $2,110 per month, which offers a starting point for evaluating cash flow potential at a 6% mortgage rate.

The current 30-year fixed mortgage rate of 6% and 15-year rate of 5.43% represent meaningful borrowing costs on a $1,030,000 median sale price. Buyers who can qualify for the 15-year term at 5.43% will pay significantly less in total interest over the life of the loan, which is worth exploring with a lender before committing.