Navi Title Agency

Paradise Valley, AZ

Single-Family Homes

Here is your weekly Market Update!



Paradise Valley, AZ

Tue May 28 2024
This week the median list price for Paradise Valley, AZ is $5,995,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Paradise Valley, AZ

Tue May 28 2024
This week the median list price for Paradise Valley, AZ is $5,995,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $5,995,000
Median Price of New Listings $4,500,000
Per Square Foot $971
Average Days on Market 137
Median Days on Market 91
Price Decreased 34%
Price Increased 2%
Relisted 3%
Inventory 178
Median Rent
Market Action 31
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$12,124,944 7,998 1 - 2.5 acres 5 7 0 1 3 101
$7,325,000 7,125 1 - 2.5 acres 5 6 18 2 3 70
$4,850,000 6,248 1 - 2.5 acres 5 5 31 4 4 98
$3,075,000 3,718 0.5 - 1 acre 4 4 46 6 4 84