Are Home Prices Dropping in Scottsdale 85250? October 2026 Home Values

Are home prices dropping in Scottsdale? Citywide, single-family prices are not falling. Scottsdale's September 2026 single-family median was $1,200,000, up 4.3% year over year, and the year-to-date median is $1,250,000, up 5.5% (Phoenix REALTORS® / ShowingTime). Condos and townhomes are a different story: a $485,000 median, down 3.5%.

In ZIP 85250, the Cromford Report measured October 18, 2026 shows an annual median sale price of $867,500 (last year: $803,000) and annual median price appreciation of 8.0%. The verdict: prices aren't dropping in 85250, but negotiating room has widened this month. Homes sold at 97.09% of list, down from 100.36% a month earlier and close to last year's 97.22%.

Data note: 85250 figures are from the Cromford Report, ZIP 85250, single-family detached, measured 10/18/2026 (condos/townhomes not included in this snapshot). Citywide Scottsdale figures come from the Phoenix REALTORS® / ShowingTime Local Market Update (September 2026, current as of Oct. 3, 2026), a different data set. Data change daily.

The Short Answer, by Measure

"Prices" can mean several things. Here's how each one reads right now.

Annual Medians (the Big Picture)

Median price, annual sales: $867,500 (LM $860,000; LY $803,000)
Average price, annual sales: $1,248,263 (LM $1,220,075)
Appreciation, annual median price: 8.0%
Appreciation, annual median $/SF: 4.1%

Price per Square Foot (the Truer Comparison)

Median annual sales $/SF: $454.34 (LM $452.10)
Median monthly sales $/SF: $478.47 (LM $535.32)
Median under-contract $/SF: $483.51
Median active listings $/SF: $476.42 (LM $476.35)

Negotiating Power (Where Softness Shows First)

Average sale price % of list: 97.09% (LM 100.36%)
Months of supply (excl. UCB): 3.3 (LM 8.2, as published; LY 3.7)
Median days to first contract: 58 (LM 25)
Active listings: 49 · Sales per month: 14 · Contract ratio: 26.1

Source: Cromford Report, ZIP 85250, single-family detached, measured 10/18/2026 (condos/townhomes not included in this snapshot). "UCB" = under contract, backup offers still accepted. LM = last month (9/18/2026); LY = last year (10/18/2025). Last month's 8.2 months of supply is shown as published; that snapshot recorded 5 sales per month.

How to Read It: Prices vs. Pricing Power

Annual medians move slowly, and both point up. They blend 12 months of closings. In 85250, the annual median price ($867,500) and annual $/SF ($454.34) are both above last year, up 8.0% and 4.1%. By the usual definition, prices haven't dropped. Monthly $/SF is the early-warning light, but it's noisy: with 14 sales in the latest month and 5 the month before, one luxury sale or one fixer can swing it. Today's monthly figure, $478.47, sits above the annual median. It's lower than last month's $535.32, but that reading rested on just 5 sales.

Pricing power is where the change shows. Under-contract homes are going at $483.51 per square foot, slightly above the $476.42 median for active listings, so asking prices as a group aren't running ahead of what buyers will sign. The shift is in the deal itself. At 97.09% of list, buyers paid on average about 2.9% below list price, versus a small premium (100.36%) a month earlier. And the median time to a first contract stretched to 58 days, from 25 last month. Buyers are taking more time and negotiating harder, even as closed prices hold.

Citywide Scottsdale Context (September 2026)

ZIP 85250 isn't the whole city. Phoenix REALTORS® / ShowingTime for Scottsdale:

Single-Family

Median sales price: $1,200,000 (+4.3% YoY) · YTD median: $1,250,000 (+5.5%)
Average sales price: $1,646,506 (+7.1% YoY)
% of list price received: 97.2% · Months supply: 3.7 (from 4.1)
Pending sales: 192 (−40.2% YoY) · Closed sales: 327 (+2.2% YoY)

Townhouse/Condo

Median sales price: $485,000 (−3.5% YoY) · YTD median: $495,000 (−1.0%)
% of list price received: 96.7% · Months supply: 5.7 (from 5.1)
Days on market until sale: 109 (+13.5% YoY)

So if someone tells you "Scottsdale prices are dropping," ask: which property type? Single-family medians are up year over year. Condo/townhouse medians are modestly lower, with more supply.

“When neighbors near Chaparral Park ask me if prices are dropping, I ask them back: compared to what? Compared to last year's closings, the answer is no. Our annual median is up 8% on single-family homes. Compared to asking prices, buyers are pushing back: homes are closing a little under 3% below list, and first offers are taking longer to arrive. That gap between list and sold is where pricing a home well matters most right now, and it's where I spend most of my time with sellers.”
— Elizabeth Vijan, Tackett Team, eXp Realty

What This Means for 85250 Buyers and Sellers

Sellers: price to recent sold $/SF, not to the highest active listing. With sale-to-list at 97.09% and a 58-day median to first contract, overpricing tends to show up as days on market, then reductions.
Buyers: "not dropping" doesn't mean "no room." Negotiation happens at the list-to-sale gap and in terms, especially on homes past the typical days to contract.
Both: separate property types. A condo trend isn't a single-family trend, and this 85250 snapshot covers single-family detached homes only.
Fair housing: equal professional service for every client. Pricing advice is about data, never about who lives on a street.

FAQ: Scottsdale Home Prices

Are home prices dropping in Scottsdale, AZ?

Not for single-family citywide: $1,200,000 median, +4.3% YoY (September 2026). Condo/townhouse medians are −3.5%. In 85250, the annual single-family median is $867,500, up 8.0% (Cromford, 10/18/2026).

Is the Scottsdale housing market crashing?

No crash in the data. Closed sales are +2.2% YoY and YTD closings +10.6%, even with pending sales −40.2%. In 85250: 3.3 months of supply (3.7 a year ago).

What is the median home value in Scottsdale 85250?

The annual median sale price is $867,500; the annual $/SF is $454.34 (single-family detached).

Will home prices drop in Arizona?

No one can promise. Watch sale-to-list (97.09% in 85250) and monthly vs. annual $/SF ($478.47 vs. $454.34) for early signals.

Find Out What Your 85250 Home Is Worth Today

Citywide medians make headlines. Your street sets your price. I'll prepare a custom 85250 value brief with recent sold $/SF for homes like yours, what's going under contract now, and the list-to-sale gap buyers are negotiating.

Elizabeth Vijan | Tackett Team, eXp Realty
Chaparral Park Resident & 85250 Real Estate Expert

Request My 85250 Home Value Brief · Call or text 602-885-7752

Sources: Cromford Report 85250 snapshot (members) · Phoenix REALTORS® Scottsdale Local Market Update

Disclaimer: 85250 stats from the Cromford Report, ZIP 85250, single-family detached, measured 10/18/2026 (condos/townhomes not included in this snapshot). Citywide Scottsdale figures (September 2026) from the Phoenix REALTORS® / ShowingTime LMU, current as of Oct. 3, 2026, a different data set. Medians do not account for seller concessions. Information deemed reliable but not guaranteed. Equal Housing Opportunity.

Elizabeth Vijan
Tackett Team, eXp Realty · About me · Get in touch

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Data source and disclaimer: Market statistics are from the Cromford Report (Market Snapshot, ZIP 85250, single-family detached homes only), measured October 12, 2026. Information is deemed reliable but not guaranteed. Figures may change or be revised after publication. This article is general information, not lending, legal or tax advice. Confirm loan terms, rates and contribution limits with your lender.