Amy Gerrish, Realtor & Data Scientist.

Paradise Valley, AZ 85253

Single-Family Homes

Realty Executives



Paradise Valley, AZ 85253

Mon Oct 19 2020
This week the median list price for Paradise Valley, AZ 85253 is $3,350,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has held steady at or around 189. 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 85253

Mon Oct 19 2020
This week the median list price for Paradise Valley, AZ 85253 is $3,350,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has held steady at or around 189. 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 $3,350,000
Per Square Foot $548
Days on Market 202
Price Decreased 25%
Price Increased 8%
Relisted 6%
Inventory 189
Median Rent $15,000
Most Expensive $20,000,000
Least Expensive $950,000
Market Action 33
Slight Seller's Advantage

Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.

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
$6,500,000 8,972 1 - 2.5 acres 5 7 9 3 4 252
$3,999,000 6,979 1 - 2.5 acres 5 6 14 3 6 137
$2,898,500 5,748 1 - 2.5 acres 4 4 21 7 5 156
$1,950,000 3,873 1 - 2.5 acres 4 3 42 5 8 259