Navi Title Agency

Paradise Valley, AZ 85253

Single-Family Homes

Here is your weekly Market Update!



Paradise Valley, AZ 85253

Sat Sep 30 2023
This week the median list price for Paradise Valley, AZ 85253 is $4,750,000 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has increased to 115. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Paradise Valley, AZ 85253

Sat Sep 30 2023
This week the median list price for Paradise Valley, AZ 85253 is $4,750,000 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has increased to 115. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $4,750,000
Median Price of New Listings $5,395,000
Per Square Foot $917
Average Days on Market 142
Median Days on Market 84
Price Decreased 32%
Price Increased 6%
Relisted 10%
Inventory 115
Median Rent
Market Action 39
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
$9,997,500 8,174 1 - 2.5 acres 5 7 0 2 1 101
$6,300,000 7,011 1 - 2.5 acres 5 6 23 3 1 98
$3,950,000 4,623 1 - 2.5 acres 4 4 29 3 2 56
$2,290,000 2,986 0.5 - 1 acre 4 3 51 1 1 84