Scottsdale Zip Code 85254

Latest Trend: Scottsdale Zip Code 85254

This week’s Scottsdale Real estate 85254 latest trends and listings is interesting. 85254 is an affluent (median household income: $73,758) upscale suburban zip code in Scottsdale, Arizona. The population is primarily white, older, and mostly married couples. At $414,100 the average home value here is a bit higher than average for the Phoenix-Mesa-Scottsdale metro area, so this probably isn’t the place to look for housing bargains.

The median age here is 43. There are 22,432 men and 23,369 women. The median age for men is 42 while for women the median age is 45.

85254 Zip code is located in the Mountain time zone.

Scottsdale Real Estate 85254 Price Trends – Sold vs. Listed

Understand the difference between “listing prices” (what sellers are asking for) and “sold prices” (what buyers are willing to pay).

By comparing these price trends, you’ll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.

Some sales are not immediately available from public records. As they become available, the data are updated.

Market Inventory Trends

The number of active listings in Scottsdale (85254) increased by10.8% from the previous month.

The median number of days active properties have been listed is 46. This is significantly shorter than the national average.

The number of sales in September dropped by 67.8% from the previous month.

Property Ownership

This chart shows home occupancy within an area.

A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.

High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.

Statistics for Single Family Homes and Condos 85254