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 Jan 22 2025
This week the median list price for Paradise Valley, AZ is $5,897,500 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has increased to 162.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller'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 | $5,897,500 | |
| Median Price of New Listings | $5,750,000 | |
| Per Square Foot | $948 | |
| Average Days on Market | 158 | |
| Median Days on Market | 91 | |
| Price Decreased | 40% | |
| Price Increased | 5% | |
| Relisted | 11% | |
| Inventory | 162 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller'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.
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 |
|---|---|---|---|---|---|---|---|---|
| $10,177,500 | 8,174 | 1 - 2.5 acres | 5 | 7 | 12 | 1 | 1 | 94 |
| $6,549,000 | 6,732 | 1 - 2.5 acres | 5 | 6 | 18 | 6 | 0 | 84 |
| $4,975,000 | 5,559 | 1 - 2.5 acres | 5 | 5 | 28 | 5 | 2 | 91 |
| $3,350,000 | 3,817 | 1 - 2.5 acres | 4 | 4 | 48 | 5 | 4 | 98 |