First Integrity Title Market Report

Paradise Valley, AZ

Single-Family Homes

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Paradise Valley, AZ

Mon Dec 02 2024
This week the median list price for Paradise Valley, AZ is $5,624,500 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has decreased to 162. 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 Buyer's Advantage

Market Narrative

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Paradise Valley, AZ

Mon Dec 02 2024
This week the median list price for Paradise Valley, AZ is $5,624,500 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has decreased to 162. 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 Buyer's Advantage

Market Narrative

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $5,624,500
Median Price of New Listings $5,370,000
Per Square Foot $926
Average Days on Market 154
Median Days on Market 77
Price Decreased 43%
Price Increased 1%
Relisted 7%
Inventory 162
Median Rent
Market Action 27
Slight Buyer'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
$9,975,000 8,258 1 - 2.5 acres 5 7 8 1 4 101
$6,445,000 6,648 1 - 2.5 acres 5 6 21 3 4 59
$4,795,000 5,509 1 - 2.5 acres 5 5 30 1 2 77
$2,950,000 3,915 1 - 2.5 acres 4 4 43 3 8 77