Arizona's Most Current Market Reports

Paradise Valley, AZ

Single-Family Homes

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Paradise Valley, AZ

Wed Apr 24 2024
This week the median list price for Paradise Valley, AZ is $6,250,000 with the market action index hovering around 29. This is an increase over last month's market action index of 27. Inventory has decreased to 193. 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

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.

Paradise Valley, AZ

Wed Apr 24 2024
This week the median list price for Paradise Valley, AZ is $6,250,000 with the market action index hovering around 29. This is an increase over last month's market action index of 27. Inventory has decreased to 193. 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

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

Never miss important changes in the Paradise Valley market.
Median List Price $6,250,000
Median Price of New Listings $5,822,500
Per Square Foot $957
Average Days on Market 151
Median Days on Market 91
Price Decreased 41%
Price Increased 2%
Relisted 7%
Inventory 193
Median Rent
Market Action 29
Slight Buyer'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
$12,992,000 8,144 1 - 2.5 acres 5 7 0 5 3 84
$7,375,000 7,342 1 - 2.5 acres 5 6.3 17 2 2 77
$5,072,500 6,078 1 - 2.5 acres 5 6 24 5 5 136
$3,480,000 4,363 0.5 - 1 acre 4 4 45 6 7 98