Living in Phoenix Arizona Team

Paradise Valley, AZ

Single-Family Homes

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Paradise Valley, AZ

Wed May 22 2024
This week the median list price for Paradise Valley, AZ is $5,999,983 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has decreased to 178. Click here to stay informed with the Paradise Valley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Paradise Valley, AZ

Wed May 22 2024
This week the median list price for Paradise Valley, AZ is $5,999,983 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has decreased to 178. Click here to stay informed with the Paradise Valley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $5,999,983
Median Price of New Listings $5,000,000
Per Square Foot $976
Average Days on Market 135
Median Days on Market 91
Price Decreased 34%
Price Increased 2%
Relisted 4%
Inventory 178
Median Rent
Market Action 30
Slight Seller's Advantage

While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$12,994,499 8,135 1 - 2.5 acres 5 7 0 4 3 84
$7,325,000 7,487 1 - 2.5 acres 5 6 18 0 4 94
$4,899,000 6,100 1 - 2.5 acres 4 5 27 2 4 98
$3,295,000 3,943 0.5 - 1 acre 4 4 46 5 6 77