Single-Family Homes
Thu Apr 18 2024
This week the median list price for Paradise Valley, AZ is $6,049,999 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has decreased to 192.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Median List Price | $6,049,999 | |
Median Price of New Listings | $6,997,000 | |
Per Square Foot | $945 | |
Average Days on Market | 155 | |
Median Days on Market | 91 | |
Price Decreased | 44% | |
Price Increased | 3% | |
Relisted | 7% | |
Inventory | 192 | |
Median Rent | ||
Market Action | 28 | |
Slight Buyer's Advantage |
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$13,375,000 | 8,320 | 1 - 2.5 acres | 5 | 7 | 0 | 0 | 4 | 84 |
$7,245,000 | 7,411 | 1 - 2.5 acres | 5 | 7 | 20 | 4 | 2 | 70 |
$4,972,500 | 6,078 | 1 - 2.5 acres | 5 | 6 | 25 | 1 | 5 | 122 |
$3,387,500 | 4,282 | 0.5 - 1 acre | 4 | 4 | 44 | 0 | 12 | 133 |