Clear Title Agency of Arizona

Paradise Valley, AZ 85253

Single-Family Homes

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Paradise Valley, AZ 85253

Thu Apr 18 2024
This week the median list price for Paradise Valley, AZ 85253 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. 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

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Paradise Valley, AZ 85253

Thu Apr 18 2024
This week the median list price for Paradise Valley, AZ 85253 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. 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

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
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 in this zip code continued their recent uptrend this week. While still below the market's 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
$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