Lawyers Title Market Report

Paradise Valley, AZ 85253

Single-Family Homes

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Paradise Valley, AZ 85253

Mon Jun 21 2021
This week the median list price for Paradise Valley, AZ 85253 is $4,695,000 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has decreased 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Paradise Valley, AZ 85253

Mon Jun 21 2021
This week the median list price for Paradise Valley, AZ 85253 is $4,695,000 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has decreased 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $4,695,000
Median Price of New Listings $2,700,000
Per Square Foot $668
Average Days on Market 136
Median Days on Market 70
Price Decreased 23%
Price Increased 8%
Relisted 5%
Inventory 119
Median Rent $17,000
Market Action 40
Slight Seller's Advantage

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$9,100,000 8,268 1 - 2.5 acres 5 7 7 1 0 77
$5,500,000 7,803 1 - 2.5 acres 5 6 22 2 1 87
$3,599,950 6,358 1 - 2.5 acres 5 5 24 3 4 63
$2,225,000 3,919 1 - 2.5 acres 4 3 46 9 9 42