Arizona's Most Current Market Reports

Paradise Valley, AZ

Single-Family Homes

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Paradise Valley, AZ

Fri Oct 15 2021
This week the median list price for Paradise Valley, AZ is $4,477,500 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 126. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Fri Oct 15 2021
This week the median list price for Paradise Valley, AZ is $4,477,500 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 126. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $4,477,500
Median Price of New Listings $2,600,000
Per Square Foot $751
Average Days on Market 126
Median Days on Market 63
Price Decreased 25%
Price Increased 6%
Relisted 6%
Inventory 126
Median Rent $16,500
Market Action 33
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$9,988,000 8,132 1 - 2.5 acres 5 7 13 2 0 119
$5,995,000 7,372 1 - 2.5 acres 5 6 21 0 3 70
$3,562,500 5,572 1 - 2.5 acres 5 5 24 2 3 87
$2,272,500 3,310 1 - 2.5 acres 4 3 46 9 9 45