Scottsdale, AZ

The housing market in ZIP 85257 is classified as Cooling in May 2026. While the pending ratio shows a year-over-year increase, significant declines in median and average listing prices, coupled with an increase in active listings, point to a softening market.

Median listing price has fallen by 5.2% month-over-month and 9.1% year-over-year to $589,900. Average listing price also declined by 10.6% year-over-year to $571,086. Active listings have risen by 12.8% year-over-year to 176, and new listings saw a substantial increase of 75.0% year-over-year, reaching 56. Median days on market extended to 64, a 24.3% increase year-over-year. The price-reduced share stands at 34.2%, a 18.4% decrease year-over-year. The pending ratio is 0.25, reflecting a 10.3% increase year-over-year, with 44 pending listings.

The escalating inventory, as evidenced by the 12.8% year-over-year increase in active listings and the substantial 75.0% increase in new listings, suggests a market with more choices for prospective buyers. The extended median days on market (64 days, up 24.3% year-over-year) indicates a slower absorption rate of available properties. While the pending ratio has increased, the overall price depreciation signals that there is increased pressure on pricing discipline for sellers, and the pace of transactions is decelerating.

The average listing price of $571,086 is below the median listing price of $589,900, suggesting that lower-priced properties are currently more prevalent in the overall listing pool. Median price per square foot is $375, a 1.2% decline year-over-year.