Quick Video Update of the Scottsdale Real Estate Market

– May 2025 Scottsdale Housing Market Video –

Here is a quick video overview of the Scottsdale, Arizona single-family home real estate market that covers the month of May.

May 2025 – Video

Scottsdale Active Listings

After seeing the number of homes on the market climb to the highest levels we have seen in quite a while, we did see a small dip in May.

Inventory was down 2.2% over April and up quite a bit (23.0%) over May 2024.

Average List Price for Scottsdale Homes

Scottsdale homes average list price May 2025

I used to use median listing price data, but I no longer have accurate access to that information. Instead, I will now use average listing prices to track pricing trends. (Technically, the median price is a better indicator since the average price can skew one way or the other due to extremely low or extremely high list prices, but this will still give you a decent idea of the prices of homes in Scottsdale.)

In May, the average list price for single-family homes in Scottsdale was lower. This could be a reflection of the market shifting to more of a buyer’s market based on higher inventory and homes sitting on the market for longer.

Month-over-month, the average list price was down 5.4%. If you compare May 2025 to May 2024, the average list price was down 4.4%.

Days on Market

Days on Market (DOM) is a simple way to gauge how a market is performing. When you see a high DOM, homes are taking longer to sell. Conversely, a low DOM means homes are selling quickly.

May’s Days on Market was down 1.3% when compared to April . However, it was up 6.4% when compared to the same timeframe in 2024.

Average Sales Price for Scottsdale Homes

Scottsdale homes average sales price May 2025

The average sales price seems to be making modest gains. However, this can fluctuate if there is a high dollar value sale.

For May, the average sales price was just over $1.65 million. This was up 2.8% over April and 8.9% over May of 2024.

Number of Homes Sold

This high season was a bit of a disappointment as we did not see the sales volume we anticipated. In years past, May was still a strong performer, coming off the high season.

However, this May resulted in 377 sales. While this is a solid sales figure, it is down 5.3% over April and down 6.6% over May 2024.

We hope that you found this video and commentary helpful as you gather more information to make smart informed real estate decisions.

For more Scottsdale real estate information or if you have any questions about the local area, feel free to contact Joyce at (480) 209-7843 or Joyce@LiveBetterinScottsdale.com.

Click to watch other videos on our Live Better in Scottsdale YouTube Channel.

Interested in other stats for our market? Visit our Real Estate Market Update page.