First American Title Market Report
Paradise Valley, AZ 85253
Single-Family Homes
Paradise Valley, AZ 85253
Thu Jan 02 2025
This week the median list price for Paradise Valley, AZ 85253 is $5,770,000 with the market action index hovering around 29. This is an increase over last month's market action index of 27. Inventory has decreased to 146.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Home sales have begun exceeding new inventory. While still a Buyer’s market, prices seem to have already started to respond. If the trend continues, expect prices to keep marching upward.
Real-Time Market Profile
| Median List Price | $5,770,000 | |
| Median Price of New Listings | $6,747,944 | |
| Per Square Foot | $954 | |
| Average Days on Market | 164 | |
| Median Days on Market | 88 | |
| Price Decreased | 43% | |
| Price Increased | 3% | |
| Relisted | 6% | |
| Inventory | 146 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $9,952,500 | 8,192 | 1 - 2.5 acres | 5 | 7 | 7 | 3 | 3 | 87 |
| $6,497,500 | 6,648 | 1 - 2.5 acres | 5 | 6 | 16 | 2 | 5 | 66 |
| $4,800,000 | 5,534 | 1 - 2.5 acres | 5 | 5 | 33 | 1 | 2 | 98 |
| $3,325,000 | 4,004 | 0.5 - 1 acre | 4 | 4 | 43 | 2 | 6 | 98 |