Arizona's Most Current Market Reports

Paradise Valley, AZ

Single-Family Homes

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Paradise Valley, AZ

Tue Aug 09 2022
This week the median list price for Paradise Valley, AZ is $3,995,000 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has increased to 88. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Paradise Valley, AZ

Tue Aug 09 2022
This week the median list price for Paradise Valley, AZ is $3,995,000 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has increased to 88. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $3,995,000
Median Price of New Listings $4,495,000
Per Square Foot $779
Average Days on Market 91
Median Days on Market 49
Price Decreased 47%
Price Increased 3%
Relisted 6%
Inventory 88
Median Rent
Market Action 38
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$8,000,000 8,572 1 - 2.5 acres 5 7 13 1 4 63
$4,775,000 6,547 1 - 2.5 acres 5 6 25 3 0 59
$3,400,000 4,755 1 - 2.5 acres 4 4.3 44 1 1 49
$2,190,000 3,206 0.5 - 1 acre 4 3 50 0 1 38