Scottsdale Residential Market Update – February 2025

The Scottsdale real estate market is showing signs of steady growth and increased activity as we move into 2025. Whether you're a buyer, seller, or investor, staying informed about market trends can help you make strategic decisions. Let’s break down the latest Scottsdale residential market statistics for February 2025.

Market Highlights:

• Active Listings: Up 24.7% (2,383 compared to 1,911 in Feb 2024)

• Sold Listings: Up 12.4% (561 compared to 499 in Feb 2024)

• Months of Supply: Up 10.9% (4.25 months compared to 3.83 in Feb 2024)

• Median Sale Price per Sq Ft: Up 8.1% ($439.30 compared to $406.52 in Feb 2024)

• Median Days on Market: Unchanged at 50 days

What This Means for Buyers and Sellers

For Buyers:

With an increase in active listings, buyers have more options to choose from, which can lead to better opportunities for negotiation. However, the rise in the median price per square foot indicates that home values are appreciating, so acting sooner rather than later could be beneficial before prices climb even higher.

For Sellers:

A 12.4% increase in sold listings suggests strong demand in the market. If you’ve been considering selling, now might be the right time to list, as buyers are actively purchasing homes. However, with the months of supply rising to 4.25 months, competition among sellers is growing, making it crucial to price your home competitively and ensure it stands out with great marketing.

For Investors:

The continued price appreciation and steady demand make Scottsdale a strong market for real estate investments. Whether you're looking for rental properties or fix-and-flip opportunities, the market's upward trend indicates long-term growth potential.

Key Takeaways

• More homes are available for sale, giving buyers more choices.

• Demand remains strong, as evidenced by increased sold listings.

• Home values continue to rise, reflecting a competitive market.

• Sellers should take advantage of the market's momentum while ensuring their properties are well-positioned.

• The market remains balanced, with no significant shifts in how long homes are staying on the market.

Thinking of Buying or Selling in Scottsdale?

Navigating this evolving market requires expert guidance. Whether you're looking to buy your dream home, sell for top dollar, or invest wisely, I'm here to help. Contact me today for a personalized market analysis and strategy to achieve your real estate goals.