Navi Title Agency

Paradise Valley, AZ 85253

Single-Family Homes

Here is your weekly Market Update!



Paradise Valley, AZ 85253

Fri Jun 02 2023
This week the median list price for Paradise Valley, AZ 85253 is $4,974,999 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has decreased to 110. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Paradise Valley, AZ 85253

Fri Jun 02 2023
This week the median list price for Paradise Valley, AZ 85253 is $4,974,999 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has decreased to 110. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $4,974,999
Median Price of New Listings $5,950,000
Per Square Foot $875
Average Days on Market 141
Median Days on Market 77
Price Decreased 48%
Price Increased 2%
Relisted 5%
Inventory 110
Median Rent
Market Action 35
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$9,495,000 8,010 1 - 2.5 acres 6 7 6 3 1 119
$6,000,000 7,138 1 - 2.5 acres 5 6 19 2 3 77
$4,400,000 4,903 1 - 2.5 acres 4 4.5 34 2 4 63
$2,824,500 4,082 1 - 2.5 acres 4 3.5 51 2 1 73