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Tuesday, November 5, 2024

Scottsdale home prices rise in May 2018

Re 10

The median sale price of a home sold in May 2018 in Scottsdale rose by $12,000 while total sales decreased by 7.8%, according to BlockShopper.com.

In May 2018, there were 706 homes sold, with a median sale price of $420,000 - a 2.9% increase over the $408,000 median sale price for the same period of the previous year. There were 766 homes sold in Scottsdale in May 2017.

The median sales tax in Scottsdale for the most recent year with available data, 2017, was $2,228, approximately 0.5% of the median home sale price for May 2018.

The following table compares Scottsdale to other Maricopa County cities with similar median sales prices in May 2018:

CityMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
Laveen (unincorporated) 24-50%$485,750$255,50090.1%
Cave Creek (unincorporated) 612-50%$479,500$550,450-12.9%
Cave Creek151225%$475,000$522,000-9%
Rio Verde (unincorporated) 13862.5%$441,800$367,50020.2%
Queen Creek (unincorporated) 7616.7%$439,000$325,50034.9%
Scottsdale706766-7.8%$420,000$408,0002.9%
Surprise (unincorporated) 13-66.7%$415,000$191,000117.3%
New River (unincorporated) 79-22.2%$390,000$345,00013%
Fountain Hills106111-4.5%$371,500$315,00017.9%
Queen Creek87111-21.6%$350,000$325,3257.6%
Litchfield Park1521-28.6%$336,000$391,000-14.1%

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