Your Localized Market Report

Paradise Valley, AZ

Single-Family Homes

Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com



Paradise Valley, AZ

Wed Oct 04 2023
This week the median list price for Paradise Valley, AZ is $4,750,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has increased to 119. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Paradise Valley, AZ

Wed Oct 04 2023
This week the median list price for Paradise Valley, AZ is $4,750,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has increased to 119. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $4,750,000
Median Price of New Listings $4,800,000
Per Square Foot $917
Average Days on Market 137
Median Days on Market 84
Price Decreased 34%
Price Increased 7%
Relisted 9%
Inventory 119
Median Rent
Market Action 38
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
$9,995,000 8,151 1 - 2.5 acres 5 7 1 0 0 119
$6,197,500 7,071 1 - 2.5 acres 5 6 24 5 3 91
$3,922,500 4,654 1 - 2.5 acres 4 4 30 4 2 59
$2,290,000 3,013 0.5 - 1 acre 4 4 51 1 1 80